07:57 AM EST, 02/24/2025 (MT Newswires) -- Gold Royalty ( GROY ) said Monday it has entered an agreement with the Bank of Montreal and the National Bank of Canada to amend its existing revolving credit facility with up to $45 million of additional credit.

The new facility will also bear a new interest rate based on secured overnight financing rate plus 3.00%, a 100 basis-point rate reduction, and matures on March 31, 2028, a year later than the previous agreement, the company said.

The facility currently totals $30 million in secured revolving credit of which $25 million is drawn, the company said.