EMX Royalty (TSE:EMX) has released an update.
EMX Royalty Corporation has successfully closed a $35 million loan with Franco-Nevada Corporation, bolstering its financial position by repaying previous debts and strengthening working capital. The loan, maturing in 2029, has flexible interest rates tied to the company’s debt-to-EBITDA ratio and allows for up to $10 million in penalty-free annual prepayment. This financial move is part of EMX’s broader strategy to enhance its partnership with Franco-Nevada through joint ventures and royalty purchases.
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