Trident Royalties Plc announced that it has entered into a commitment letter with BMO Capital Markets and CIBC for a new USD 40 million revolving credit facility (the "RCF"), with an option to increase the facility to USD 60 million via an accordion feature. The proceeds will be applied to retire the existing USD 40 million secured debt facility provided by Macquarie Bank Limited. The key terms of the new RCF are: USD 40 million senior secured revolving credit facility; Additional USD 20 million accordion feature, allowing further debt capacity, subject to certain conditions; Interest coupon of SOFR plus 2.5 - 4.5% (depending on leverage ratios), resulting in interest savings of up to USD 1.3 million per annum if fully drawn, relative to current SOFR plus 5.75% rate1; Revolving facility, with flexibility to be drawn and repaid, with the undrawn portion only subject to a standby fee of 0.88% - 1.58% per annum, providing further savings relative to the current fully drawn term facility; Three-year term, with a one-year extension option.