The amended agreement allows the company to secure an additional $100m in lending.
The syndicate of banks facilitating the loan includes The Bank of Nova Scotia, Bank of Montreal and National Bank of Canada.
Maturity period of the revolving loan will be four years and can be extended by mutual consent of the company and the lenders.
In 12 January 2012, Sandstorm had entered into the first revolving credit agreement raising $50m with expiry period of three years; the funds had been then employed for acquiring gold streams.
The revised credit facility is subjected to the same interest and standby fees as company’s previous loan agreement.
