OR Royalties (OR), previously known as Osisko Gold Royalties, has amended its credit facility to upsize it to $650 million and add an uncommitted accordion feature of up to $200 million.
The company said Monday that the facility previously had a maximum size of CA$550 million ($401.5 million) with an uncommitted accordion of up to CA$200 million.
The credit facility matures on May 30, 2029, and bears interest at secured overnight financing rate or Canadian overnight repo rate average plus 1.45% to 2.75% per year, the company said.
Further, MAC Copper, in which the company's subsidiary owns 4 million shares, on May 27 entered into an all-cash binding deed to sell its entire share capital to Harmony Gold (Australia) for $12.25 cash per share.
Based on the deal's per-share price, the company's holdings in MAC Copper are worth $49 million, which would strengthen its balance sheet upon closing, which is expected later in 2025.
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