Ecora Resources PLC completed the refinancing by way of an amendment and restatement of its existing C$150 million senior secured revolving credit facility agreement

On 30 January 2024, Ecora Resources PLC, a royalty and streaming company listed on the London Stock Exchange and Toronto Stock Exchange, completed an amendment and restatement of its C$150 million revolving credit facility agreement with Scotiabank, CIBC and RBC.

Ecora Resources PLC is a leading royalty company listed on both the London and Toronto Stock Exchanges and is focused on supporting the supply of commodities essential to creating a sustainable future. This revolving credit facility agreement allows the company to build on its leading portfolio of royalties.

The amendment and restatement of its C$150 million revolving credit facility agreement includes an uncommitted accordian feature of up to C$75 million to be used to fund royalty acquisitions which would take the potential borrowing capacity up to C$225 million.

Fasken advised Ecora Resources PLC, with a team led by Tom Eldridge that included Daniel Leslie, Thomas Maegher, Dev Singh, Kar Cheong Mui, Danuta de Vries, Carlie Marrows and Diane Garrison.