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Maverix Metals amends and increases revolver to $75 million
By Robert S.Johnson
Princeton, N.J., April 8 – Maverix Metals Inc. announced it has amended and increased to $75 million its revolving credit facility via Canadian Imperial Bank of Commerce ("CIBC") and National Bank of Canada, according to a press release.
Interest is Libor plus 200 basis points to 300 bps, and the undrawn portion of the revolver is subject to a standby fee of 45 bps to 67.5 bps.
Proceeds will be used for future royalty or stream acquisitions and general corporate purposes.
Maverix Metals is a Vancouver, B.C.-based mining company.
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