Freehold Royalties Announces Amendment to Credit Facilities Agreement

CALGARY, Alberta, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces an amendment to its credit facilities agreement with its syndicate of four Canadian banks. The amended credit facilities have been increased from $300 million to $400 million, including an increase 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 agreement also carries an option to increase the revolving facility by an additional $100 million, subject to the consent of the lenders. The credit facilities mature November 12, 2027.

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