Duke Royalty Ltd - UK and Europe royalty finance provider - Increases its revolving credit facility with Honeycomb Investment Trust PLC to GBP35 million to support its growing pipeline of new deployments. Notes Pollen Street Capital was the investment manager. Says the facility has been extended by five years to expire in February 2026 and could potentially increase to GBP55 million under an uncommitted accordion facility.
"Through a turbulent 2020, Honeycomb were supportive of Duke and, by extension, our royalty partners. We look forward to diversifying our portfolio through new deployments and the increased facility gives Duke the extended runway to build revenue and cash flow per share," says Chief Executive Neil Johnson.
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By Zoe Wickens; zoewickens@alliancenews.com
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Duke Capital (DUKE)