PrairieSky Royalty Ltd.
Description
Entered into a binding agreement with TD Securities Inc. for a new two-year term loan, which will include financial and other covenants and pricing identical to PrairieSky’s existing $425 million revolving credit facility which matures on Feb. 28, 2025. Funding under the Term Loan will take place concurrently with closing of a pending acquisition of Western Canadian royalty assets from Heritage Royalty.