Gold Royalty Upgrades Revolving Credit Facility to US$100M, Eliminates Debt

Gold Royalty Corp. has upsized its revolving credit facility to US$100 million, with an accordion feature allowing for an additional US$25 million in availability. The company has also eliminated its long-term fixed interest convertible debentures, replacing them with a credit facility with a lower cost of borrowing. The move is expected to enhance Gold Royalty's cash flow profile and strengthen its balance sheet to support continued growth.