representative work

Vox Royalty Announces Up To $25 Million Revolving Credit Facility with BMO


On January 16, 2024, Vox Royalty Corp. announced it had entered into a definitive credit agreement with the Bank of Montreal providing for a $15 million secured revolving credit facility, with an accordion feature which provides an additional $10 million of availability subject to certain conditions.

The credit facility has a maturity date of December 31, 2025 with an annual one-year extension option, and bears an interest rate of the Secured Overnight Financing Rate (“SOFR”) plus 2.50% to 3.50%, contingent upon Vox’s leverage ratio.

Cassels acted for Vox.