Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Top Stories > Cobalt 27 Closes US$80 Million Revolving Credit Facility

Cobalt 27 Closes US$80 Million Revolving Credit Facility

Published by Gbaf News

Posted on May 19, 2018

3 min read

Last updated: January 21, 2026

Siemens Energy faces $5 billion loss due to Siemens Gamesa profit warning - Global Banking & Finance Review — This image illustrates the significant market value loss of Siemens Energy and Siemens Gamesa following a profit warning, highlighting challenges in the wind turbine industry amid rising costs.

Cobalt 27 Capital Corp. (“Cobalt 27” or the “Company”) (TSXV: KBLT)(FRA: 27O), announced today that the Company has entered into a US$80 million revolving term credit facility (the “Credit Facility”) led by National Bank of Canada with a syndicate of financial institutions including Bank of Montreal and The Bank of Nova Scotia (the “Lenders”). The Credit Facility is to be used for general corporate purposes and investments in the mineral industry, including the acquisition of streams, royalties, and other interests. The Company intends to increase the size of the Credit Facility as it builds its cobalt-focused investment portfolio.

“Adding a revolver to our balance sheet is an important step towards becoming a cash flow positive streaming company. This US$80 million Credit Facility, combined with our recently completed CAD$200 million equity financing, significantly strengthens Cobalt 27’s liquidity and provides the financial capacity to accelerate our plans to close streaming transactions,” stated Anthony Milewski, Chairman and CEO of Cobalt 27. “The positive response we have received from our banking syndicate reflects confidence in Cobalt 27’s strong asset base and business model.”

The Credit Facility is secured by the Company’s assets and has an initial term of two years, which is extendable by mutual consent of all Lenders and Cobalt 27. The initial drawdown under the Credit Facility is subject to the satisfaction or waiver of certain conditions precedent customary for a financing of this type.

SOURCE Cobalt 27 Capital Corp

Cobalt 27 Capital Corp. (“Cobalt 27” or the “Company”) (TSXV: KBLT)(FRA: 27O), announced today that the Company has entered into a US$80 million revolving term credit facility (the “Credit Facility”) led by National Bank of Canada with a syndicate of financial institutions including Bank of Montreal and The Bank of Nova Scotia (the “Lenders”). The Credit Facility is to be used for general corporate purposes and investments in the mineral industry, including the acquisition of streams, royalties, and other interests. The Company intends to increase the size of the Credit Facility as it builds its cobalt-focused investment portfolio.

“Adding a revolver to our balance sheet is an important step towards becoming a cash flow positive streaming company. This US$80 million Credit Facility, combined with our recently completed CAD$200 million equity financing, significantly strengthens Cobalt 27’s liquidity and provides the financial capacity to accelerate our plans to close streaming transactions,” stated Anthony Milewski, Chairman and CEO of Cobalt 27. “The positive response we have received from our banking syndicate reflects confidence in Cobalt 27’s strong asset base and business model.”

The Credit Facility is secured by the Company’s assets and has an initial term of two years, which is extendable by mutual consent of all Lenders and Cobalt 27. The initial drawdown under the Credit Facility is subject to the satisfaction or waiver of certain conditions precedent customary for a financing of this type.

SOURCE Cobalt 27 Capital Corp