Trident Royalties’ new lower-cost debt facility will give it the potential to support future acquisitions; improve the company’s competitiveness and increase its ability to deploy capital to drive value-accretive growth, suggests broker Liberum
Trident is expecting to close and draw down the RCF in early 2024 subject to definitive documentation, related security, and other customary conditions.
Liberum currently has a target price of 77p v but said it would update its model once the RCF is formally signed off.
Shares rose 0.8% to 31.75p.