Metals Royalty announces fully allocated US$165 million convertible note and term loan financing package
TMCR•US$165 million financing package
The Metals Royalty Company announced a fully allocated US$165 million financing anchored by a US$140 million secured convertible note offering.
The package also includes a US$25 million senior secured term loan facility, bringing total debt raised to US$165 million.
Use of proceeds and closing timing
Proceeds are earmarked to fund an additional 1.0% Mesabi royalty acquisition, repay an existing senior term loan, and support general corporate purposes.
Closing is targeted on or about Aug. 24, 2026, concurrent with the Mesabi royalty acquisition.
