LunR Royalties Corp., a Canadian royalty and streaming company listed on the TSX under the symbol LUNR, announced that it entered into an agreement to establish a US$100 million revolving credit facility with a US$50 million accordion feature. The facility was arranged by National Bank of Canada Capital Markets and ING Capital LLC, acting as co-lead arrangers and joint bookrunners, with National Bank of Canada serving as administrative agent. National Bank of Canada and ING Capital LLC also acted as lenders.

The facility provides US$100 million in immediately available funds for acquisitions and general corporate purposes, with an additional US$50 million available subject to the satisfaction of certain conditions. It has a three-year term and matures on August 14, 2029. Amounts drawn under the facility bear interest at an annual rate of 2.25 percent to 3.25 percent above term SOFR, depending on LunR Royalties Corp.’s leverage ratio, while undrawn amounts are subject to a standby fee of 0.51 percent to 0.73 percent per year. The facility is secured by certain company assets and subject to customary financial and operational covenants. Adam Lundin, president, CEO and chair of LunR Royalties Corp., said the facility provides liquidity and financial flexibility to support future portfolio additions with non-dilutive funds.