EMX Royalty Announces That It Has Entered Into Credit Agreement for a $35 Million Loan With Franco-Nevada Corporation
EMX Royalty Announces That It Has Entered Into Credit Agreement for a $35 Million Loan With Franco-Nevada Corporation
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce it has entered into a credit agreement (the "Credit Agreement") with a wholly-owned subsidiary (the "Lender") of Franco-Nevada Corporation (NYSE: FNV) (TSX: FNV) ("Franco-Nevada") to borrow $35 million (the "Loan"). The Company will use the proceeds of the Loan to repay the $34.66 million outstanding balance of the loan owed to Sprott Private Resource Lending II (Collector), LP ("Sprott") and for general working capital purposes. The Company anticipates that the funding of the Loan will take place in July 2024.
溫哥華,不列顛哥倫比亞省- (Newsfile標誌-2024年6月20日) -EMX版稅公司(紐交所美國:EMX)(TSXV:EMX)(FSE:6E9)(“Acquiror”)宣佈其以每個單位0.21美元的價格收購了4,761,905個發行人的單位(“Units”),總認購價格爲1,000,000.01美元。每個單位包括一股公司股本中的普通股(一個“Common Shares”)和半個普通股購股權證(每個完整的權證即爲“Warrant”),每個權證都使持有者有權以每股0.25美元的價格購買一股普通股,直到2026年5月30日。公司計劃議程EMX非常高興宣佈已與Franco-Nevada Corporation(紐交所:FNV)(TSX:FNV)的全資子公司(“ Franco-Nevada ”)簽訂了一項信貸協議(“授信協議 (Credit Agreement)”),用於一些工作資本的目的。出借人” Franco-NevadaFranco-Nevada借35,000萬美元(“貸款”貸款)。該公司將利用貸款的收益償還欠Sprott Private Resource Lending II(Collector)LP(“Sprott”)的借款餘額3466萬美元,並用於一些工作資本的目的。公司預計貸款的資金支出將在2024年7月進行。
The Company is pleased to further develop its working relationship with Franco-Nevada. In addition to the Loan arrangement, EMX and Franco-Nevada have jointly syndicated royalty purchases (e.g., Caserones) and are actively engaged in a joint venture seeking new royalty financing opportunities. Franco-Nevada is also a key EMX shareholder.
公司非常高興進一步與Franco-Nevada建立工作關係。除了貸款安排外,EMX和Franco-Nevada還聯合資助了版稅購買(例如Caserones),並積極參與了一項尋求新的版稅融資機會的合資企業。Franco-Nevada也是EMX的重要股東。
Credit Agreement - The Loan is structured as a $35 million senior secured term loan facility which matures on July 1, 2029. Interest is payable monthly at a rate equal to the three-month SOFR (i.e., Secured Overnight Financing Rate) plus the applicable margin based on the ratio of the Company's net debt to adjusted EBITDA (see table below), adjusted quarterly.
信貸協議 -貸款結構爲3500萬美元的高級擔保期限貸款設施,到期日爲2029年7月1日。
Ratio of Net Debt / Adjusted EBITDA: | Applicable Interest Rate (per annum): |
< 1.00:1 | Term SOFR plus 300 basis points |
>= 1.00:1 and <1.50:1 | Term SOFR plus 325 basis points |
>= 1.50:1 and <2.00:1 | Term SOFR plus 350 basis points |
>= 2.00:1 and <3.00:1 | Term SOFR plus 375 basis points |
>= 3.00:1 | Term SOFR plus 425 basis points |
淨負債 / EBITDA比率:調整後 適用利率(年利率): | |
期限SOFR加300個點子 | > = 1.00:1且 |
期限SOFR加325個點子 | > = 1.50:1且 |
>= 1.50:1和 | 利率 + 350個點子 |
≥ 2.00:1且 | 利率 + 375個點子 |
≥ 3.00:1 | 利率 + 425個點子 |
On closing, the Company will pay a commitment fee equal to 1% of the principal amount of the Loan. During each year, up to $10 million of the Loan may be voluntarily prepaid without penalty, on a cumulative basis.
在結款時,公司將支付貸款本金金額的1%作爲承諾費用。每年,貸款的最高可累計無違約金主動提前償還金額爲1000萬美元。
The Loan will be secured by a general security agreement over the assets of EMX and share pledges by certain of EMX's subsidiaries, with the Lender retaining the ability, at any time, to designate certain material subsidiaries of the Company to be guarantors of the Loan and provide similar security. Certain covenants under the Credit Agreement, including restrictions on incurring indebtedness and encumbrances, shall apply to the Company and its subsidiaries. Closing and the advance of the Loan are subject to customary conditions precedent, including the delivery of the above-noted security.
貸款將以一般財產抵押爲擔保,由EMX的某些子公司提供股份質押,貸款人保留權力隨時指定公司的某些資本子公司作爲貸款的擔保人並提供類似的擔保。信貸協議中的某些契約條款,包括對公司及其子公司債務及限制負擔的限制,將適用於此處。結款及貸款預付款是受慣例前提條件的約束,包括上述擔保的交付。
All amounts referred to herein are to United States dollars.
此處提到的所有金額均爲美元。
About EMX - EMX is a precious and base metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX". Please see for more information.
關於EMX - EMX是一家貴金屬和基金屬的回報公司。EMX的投資者可獲得發現,開發和商品價格選擇性,同時限制暴露於運營公司固有的風險。該公司的普通股在紐交所美國交易所和tsvx易所上以“EMX”符號進行交易。請參見獲取更多的信息。
About Franco-Nevada - Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada is debt free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol "FNV" on both the Toronto and New York stock exchanges.
關於Franco-Nevada -Franco-Nevada Corporation是以黃金爲中心的回報和流媒體公司,擁有最多樣化的現金流生產資產組合。該公司的商業模型爲投資者提供了金價和勘探選擇性,同時限制了成本通脹的風險。Franco-Nevada是沒有債務負擔的,使用其自由現金流擴大其投資組合並支付股息。它在多倫多和紐約證券交易所上以“FNV”符號交易。
For further information contact:
有關更多信息,請聯繫:
David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com
David M. Cole
總裁和首席執行官
電話:(303) 973-8585
Dave@EMXroyalty.com
Isabel Belger
Investor Relations
Phone: +49 178 4909039
IBelger@EMXroyalty.com
Isabel Belger
投資者關係
電話:+49 178 4909039
IBelger@EMXroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
TSX Venture交易所及其監管服務提供者(如TSX Venture交易所政策所定義)不對此消息發佈的充分性或準確性負責。
Forward-Looking Statements
前瞻性聲明
This news release may contain "forward-looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding the expected timing for the closing of the Loan, the satisfaction of the conditions of closing of the Loan and the expected use of proceeds from the Loan, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to the Company being unable to satisfy the conditions of closing of the Loan or being unable comply with the covenants under the Credit Agreement, including the repayment of any amounts owing under the Loan, and other factors.
本新聞稿可能包含反映公司當前期望和預期的“前瞻性聲明”。這些前瞻性聲明可能包括有關貸款結束的預期時間,滿足貸款結束條件的情況以及貸款的預期使用收益的聲明,或其他不是事實陳述的聲明。使用如“估計”,“期望”,“意圖”,“預測”,“將”,“相信”,“潛在”等詞語來識別前瞻性聲明,這些聲明本質上並不能保證公司未來的經營或財務績效,並受到風險和不確定因素以及可能導致公司實際結果,績效,前景或機會與此處表達的不同的其他因素或暗示的約束。這些風險、不確定性和因素可能包括,但不僅限於,公司無法滿足貸款結束條件或無法遵守信貸協議中的契約條款,包括償還貸款下的任何金額,以及其他因素。
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended March 31, 2024 (the "MD&A"), and the most recently filed Annual Information Form ("AIF") for the year ended December 31, 2023, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR+ at and on the SEC's EDGAR website at www.sec.gov.
讀者應該注意不要過分依賴這些前瞻性聲明,這些聲明僅代表本新聞發佈日的狀態或特別指明的日期狀態。由於存在風險和不確定性,包括在本新聞發佈中確定的風險和不確定性,以及在公司截至2024年3月31日的管理討論與分析報告(“MD&A”)和公司最近提交的截至2023年12月31日年度信息表(“AIF”)中列出的其他風險因素和前瞻性聲明,實際事件可能與當前預期有所不同。更多關於公司的信息,包括MD&A、AIF和公司的財務報表,可在SEDAR+上獲取。 並且此外,在美國證券交易委員會("SEC")的EDGAR網站上也可以獲取有關公司的更多信息。www.sec.gov.