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Empress Royalty secures US$75 million senior secured credit facility with Appian

PUBT·09/17/2026 13:55:24
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Empress Royalty secures US$75 million senior secured credit facility with Appian
  • Empress Royalty’s subsidiary signed a US$75 million senior secured credit facility with Appian Empire Loanco to help fund a Tongon gold stream.
  • US$55 million initial draw expected at closing for the US$62 million upfront payment; US$20 million deferred commitment earmarked for acquisitions.
  • Pricing set at 7.50% per year plus three-month Term SOFR, with a 3.50% minimum Term SOFR; quarterly cash interest.
  • Facility runs 36 months from closing with no scheduled principal amortization in the first 12 months; secured by first-priority liens.
  • Lender to receive warrants tied to borrowings: 2.2% fully diluted at initial draw, up to 0.80% for deferred draws; initial strike C$ 1.17.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Empress Royalty Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202609170955ACCESSWRNAPR_____1222922) on September 17, 2026, and is solely responsible for the information contained therein.