Triple Flag Precious Metals (TFPM) increased its revolving credit facility to $1 billion from $700 million while retaining an additional uncommitted accordion option of up to $300 million, the company said Monday.
The renewed facility carries interest rates of SOFR plus 1.325% to 2.75%, reflecting a 12.5-basis-point reduction at the lower end of the spread compared with the previous agreement, the company said.
Triple Flag said the four-year credit facility will mature in May 2030.
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