Transactions & Cases Detail



Transaction/Case Details

Osisko increases Credit Facility to C$350M

DATE CLOSED

November 14, 2017

BUSINESS SECTOR

Mining & Metals

LEAD OFFICE

Montreal

VALUE

350 Million CAD


OVERVIEW

On November 14, 2017, Osisko Gold Royalties Ltd (“Osisko”)  amended its revolving credit facility (the “Facility”), increasing the amount from C$150 million to C$350 million, with an additional uncommitted accordion of up to C$100 million, for a total availability of up to C$450 million. The Facility is to be used for general corporate purposes and investments in the mineral industry, including the acquisition of royalties, streams and other interests.

National Bank of Canada continues to act as administrative agent and as lender, and the syndicate of financial institutions includes Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank and Export Development Canada. National Bank Financial Inc. acted as sole Lead Arranger and Bookrunner, and Bank of Montreal as Documentation Agent.

McCarthy Tétrault LLP advised National Bank of Canada with a team led by  Mathieu Dubord that included François Dupuis  and Jason Phelan.

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