11:57 AM EST, 11/14/2024 (MT Newswires) -- Freehold Royalties ( FRHLF ) on Thursday said its credit facilities have been increased by $100 million, to $400 million.

The company said the increase includes a boost to the committed revolving facility from $285 million to $380 million and an increase to the operating facility from $15 million to $20 million. The revolving facility can be further increased by an additional $100 million. The facilities mature Nov. 12, 2027.

"The amendment to our credit facilities provides more financial flexibility and improved liquidity for the company going forward," said David Spyker, Freehold's chief executive.

At the end of the third quarter, $206 million was drawn on the facilities.

Freehold is unchanged at $13.78 on the Toronto Stock Exchange.

Price: 13.79, Change: +0.01, Percent Change: +0.04