LunR Secures $150 Million Credit Facility
LunR Royalties Corp., a Canadian royalty and streaming company, has secured a $100 million revolving credit facility with a potential increase of up to $50 million.
The agreement was reached with National Bank of Canada Capital Markets, ING Capital LLC, and National Bank of Canada. The facility will have a term of three years, maturing on August 14, 2029, and will be secured by certain assets of the company.
LunR Royalties Corp. plans to use the funds for acquisitions and general corporate purposes, providing greater financial flexibility to support future material portfolio additions without diluting its equity. The company's president and CEO, Adam Lundin, stated that this announcement builds on their strong year-to-date progress, including the acquisition of a significant silver stream on the Fruta del Norte mine.