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Stock impact report

Gold Royalty Corp. (GROY) Expands Credit Facility and Delivers Record Revenue Growth [Yahoo! Finance]

Gold Royalty Corp. Common Shares (GROY) 
Company Research Source: Yahoo! Finance
Gold Royalty Corp. (GROY) Expands Credit Facility and Delivers Record Revenue Growth Gold Royalty Corp. (NYSEAM:GROY) is one of the best gold stocks to buy, according to analysts. On February 19, Gold Royalty Corp (NYSEAM:GROY) entered into an agreement for the upsizing and amendment of its existing credit facility to up to $150 million. The amended agreement is with a syndicate of banks, including Bank of Montreal, National Bank Capital Markets, and the Royal Bank of Canada. The revised credit facility consists of $125 million in a secured credit line. The agreement also allows for an additional $25 million, subject to certain conditions. The facility is to bear a reduced interest rate of between 2.25% and 3.25%. Andrew Gubbels, Chief Financial Officer, commented: "Following our recent acquisitions, we are pleased to announce this increased Facility with a growing syndicate of supportive lenders. In addition to reducing our cost of capital, the Facility positions us to execute Show less Read more
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