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OR Royalties Announces Increase of Credit Facility and Positive Net Cash Position

created: June 9, 2025, 9:01 p.m. | updated: June 10, 2025, 11:21 p.m.

MONTRÉAL, June 09, 2025 (GLOBE NEWSWIRE) -- OR Royalties Inc. (the “Company ” or “OR Royalties ”) (OR: TSX & NYSE) is pleased to announce that it has amended its existing revolving credit facility (the “Credit Facility ”), including the conversion from a Canadian dollar denominated facility to a United States dollar denominated facility, as well as an increase in the overall size of the Credit Facility. The previous credit facility agreement had a maximum amount of C$550 million with an uncommitted accordion of up to C$200 million. Advances under the amended Credit Facility are subject to interest at the Secured Overnight Financing Rate (SOFR) or Canadian Overnight Repo Rate Average (CORRA) plus 1.45% to 2.75% per annum, depending on the Company’s leverage ratio, unchanged from the previous credit facility agreement. The Credit Facility has a term of four years, maturing on May 30th, 2029. Forward-looking statements are statements other than statements of historical fact, that address, without limitation, future events, that OR Royalties will be able to pursue strategic, accretive growth opportunities and that it will maintain a positive net cash position.

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