Elemental Altus Royalties Announces Expanded Revolving Credit Facilty [Yahoo! Finance]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: Yahoo! Finance
Altus " or "the Company ") announces the signing of an amendment (the " Amendment ") to its Credit Facility (the " Facility ") exercising the US$10 million accordion feature. Accordingly, the credit approved borrowing limit has been increased to US$50 million. Elemental Altus is pleased to announce Royal Bank of Canada (" RBC ") as a new lender on the facility, joining National Bank of Canada (" NBC ") and Canadian Imperial Bank of Commerce (" CIBC Frederick Bell, CEO of Elemental Altus, commented: "We are grateful for the support of RBC, whom we are delighted to be joining our existing lenders NBC and CIBC. Throughout 2024, Elemental Altus has made significant progress in deleveraging, thanks to strong cash generation and the ongoing support of our shareholders, increasing our capacity to pursue accretive growth opportunities." Credit Facility The Company has a US$50 million Facility with NBC, CIBC and RBC, of which US$20 million is drawn. Elemental Altus has repaid US$10 mil
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