Ecora Resources PLC, listed on both the LSE and TSX under the ticker ECOR, announced the amendment and extension of its $150 million revolving credit facility agreement with Scotiabank, CIBC, and RBC. The deal includes an optional $75 million uncommitted accordion feature for royalty acquisitions, potentially increasing the borrowing capacity to $225 million. The facility, with a maturity date set for January 2027, offers the possibility of extending the tenor by up to 24 months. The terms largely mirror the previous facility, featuring an interest rate based on SOFR with a range between 2.25% and 4.00%, adjusted according to leverage levels.

CFO Kevin Flynn expressed gratitude towards the lenders for their continued and enhanced support, viewing it as a strong endorsement of Ecora's business and growth strategy. He highlighted the facility's role in enabling the company to expand its leading portfolio of essential commodities for a sustainable future