All amounts in U.S. dollars unless otherwise indicated.
TORONTO, ON / ACCESSWIRE / January 16, 2024 / Vox Royalty Corp. (TSX:VOXR) (NASDAQ:VOXR) (“Vox” or the “Company“), a returns focused mining royalty company, is pleased to announce that it has entered into a definitive credit agreement with the Bank of Montreal providing for a $15 million secured revolving credit facility (the “Facility“). The Facility includes an accordion feature which provides for an additional $10 million of availability subject to certain conditions (the “Accordion“). The Company has not drawn on the Facility as of the date hereof.
The key terms of the new Facility are:
- $15 million senior secured Facility;
- Additional $10 million Accordion;
- Secured against the assets of the Company;
- Interest rate of Secured Overnight Financing Rate plus 2.50% to 3.50%, contingent upon the Company’s leverage ratio;
- Facility has flexibility to be drawn and repaid, with the undrawn…
