Triple Flag Precious Metals Corp. announced amendments to its existing undrawn revolving credit facility, increasing the facility size and securing more favorable borrowing terms. The company said the updated agreement strengthens its financial flexibility as it continues expanding its precious metals streaming and royalty portfolio.
Under the amended agreement, Triple Flag now has access to a $1 billion revolving credit facility along with an additional uncommitted accordion option of up to $300 million. The revised structure represents a significant increase from the company’s previous facility, which provided $700 million alongside the same $300 million accordion feature.
The company also improved pricing terms tied to the facility. Borrowings under the renewed agreement will bear interest at SOFR plus a margin ranging from 1.325% to 2.75% annually, depending on Triple Flag’s leverage ratio. The lower end of the pricing range was reduced by 12.5 basis points compared to the previous agreement, lowering potential borrowing costs.
The updated credit facility carries a four-year term and will mature in May 2030.
The financing syndicate was jointly led by National Bank Capital Markets, Bank of Nova Scotia, and Canadian Imperial Bank of Commerce. Additional participating institutions include Royal Bank of Canada, Toronto-Dominion Bank, Bank of America, Bank of Montreal, and UBS. National Bank of Canada will continue serving as Administrative Agent for the facility.
Triple Flag operates as a precious metals streaming and royalty company with exposure to gold and silver assets across the Americas and Australia. The company’s portfolio includes 241 assets made up of 16 streams and 225 royalties. These assets span multiple stages of the mining lifecycle, including 34 producing mines as well as development and exploration projects.
The expanded facility gives Triple Flag additional capital flexibility to pursue future streaming and royalty transactions while maintaining liquidity during a period of continued activity across the mining and precious metals sectors.
