DLA Piper Canada advises Metalla Royalty & Streaming on USD$75 million revolving credit facility

Metalla Royalty & Streaming Ltd. (“Metalla”) (NYSE American: MTA) (TSXV: MTA) has announced it has entered into an agreement with Bank of Montreal and National Bank Financial for a USD$75 million revolving credit facility. DLA Piper Canada acted as legal advisors to Metalla in connection with the agreement‎.

Metalla is a Vancouver-based streaming and royalty company which works to increase share value for its shareholders by accumulating a diversified portfolio of royalties and streams. ‎The credit facility will allow Metalla to borrow up to $40 million with an accordion feature for an additional $35 million of availability for the purpose of funding the acquisition of royalties and streams. 

The DLA Piper Canada deal team in this transaction was led by Partner Denis Silva and ‎included ‎Douglas Shields, Beatriz Albuquerque and Jason Yao.‎