Triple Flag (NYSE: TFPM) lifts credit facility to $1B with lower spreads

Rhea-AI Filing Summary

Triple Flag Precious Metals Corp. has increased its undrawn revolving credit facility, giving it more financial flexibility on better terms. The amended agreement provides a $1 billion credit facility plus an uncommitted accordion of up to $300 million, up from a prior $700 million facility and $300 million accordion.

Interest on advances will be charged at SOFR plus 1.325% to 2.75% per year, with the exact spread tied to the company’s leverage ratio. The lower end of this spread has been cut by 12.5 basis points compared with the previous agreement. The renewed facility has a four-year term and matures in May 2030, supported by a syndicate of major North American and international banks.

Triple Flag describes itself as a precious metals streaming and royalty company with exposure to 241 assets, including 16 streams and 225 royalties linked to 34 producing mines and 207 development and exploration projects.

Positive

• Expanded and cheaper liquidity: Triple Flag increased its revolving credit facility to $1 billion (from $700 million) plus a $300 million accordion and reduced interest spreads by 12.5 basis points at the low end, enhancing financial flexibility on improved terms.

Negative

• None.

Insights

Credit and capital structure analyst

Triple Flag secures a larger, cheaper credit backstop.

The company has expanded its revolving credit facility to $1 billion plus a $300 million accordion, up from a $700 million facility, while also improving pricing. This increases available committed liquidity without immediate dilution.

Interest now ranges from SOFR plus 1.325% to 2.75%, with the low end cut by 12.5 basis points. The facility matures in May 2030, providing a multi-year funding backstop jointly led by several large banks, which signals lender confidence in the business model.

For a streaming and royalty portfolio spanning 241 assets, this facility can support future acquisitions or capital needs as they arise. Actual balance sheet impact will depend on how much Triple Flag ultimately draws and on future leverage levels, which affect the spread within the pricing grid.

Key Figures

Credit facility size: $1 billion Accordion feature: $300 million Prior facility size: $700 million +5 more

8 metrics

Credit facility size $1 billion Amended revolving credit facility limit

Accordion feature $300 million Additional uncommitted accordion capacity

Prior facility size $700 million Previous revolving credit facility limit

Interest spread range SOFR + 1.325% to 2.75% Interest on advances based on leverage ratio

Spread reduction 12.5 basis points Reduction at low end of spread range

Facility term Four years Revolving credit facility term length

Maturity date May 2030 Maturity of amended revolving credit facility

Asset portfolio size 241 assets Total streams and royalties in Triple Flag portfolio

Key Terms

revolving credit facility, accordion, SOFR, leverage ratio, +2 more

6 terms

revolving credit facility financial

"it has secured amendments to its existing undrawn revolving credit facility (the “Credit Facility”)"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

accordion financial

"a Credit Facility of $1 billion with an additional uncommitted accordion of up to $300 million"

An accordion is a built‑in option in a financing agreement or corporate charter that lets a company expand or shrink the size of a loan, credit line, or authorized securities without starting a whole new approval process. Investors care because using the accordion can change how much debt a company carries or dilute existing shareholders when more shares are issued — think of it like expandable luggage that makes room when needed but can alter how your belongings are arranged.

SOFR financial

"Advances under the renewed Credit Facility are subject to interest at SOFR plus 1.325% to 2.75% per annum"

The Secured Overnight Financing Rate (SOFR) is a market benchmark that measures the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Investors watch SOFR because it acts like a speedometer for short-term interest costs—affecting loan rates, bond yields and the pricing of interest-rate contracts—so movements change borrowing expenses, cash returns and the value of interest-sensitive investments.

leverage ratio financial

"per annum, depending on the Company’s leverage ratio"

Leverage ratio measures how much a company relies on borrowed money compared with its own funds or assets, typically expressed as debt relative to equity or total assets. Like a homeowner with a mortgage, higher leverage can amplify returns when business is strong but also raises the chance of big losses or default if revenue falls, so investors use it to judge financial risk and resilience.

streaming and royalty company financial

"Triple Flag is a precious metals streaming and royalty company"

producing mines financial

"including 34 producing mines and 207 development and exploration stage projects"

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number: 001-41484

TRIPLE FLAG PRECIOUS METALS CORP.

(Translation of the registrant’s name into English)

TD Canada Trust Tower, 161 Bay Street, Suite 4535, Toronto, Ontario, Canada M5J 2S1

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ¨            Form 40-F x

The following document, which is attached as an exhibit hereto, is incorporated by reference herein:

Exhibit		Title
99.1		News release dated May 25, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	TRIPLE FLAG PRECIOUS METALS CORP.
Date: May 26, 2026	By:	/s/ C. Warren Beil
		Name: C. Warren Beil
		Title: General Counsel

Exhibit 99.1

NEWS RELEASE

Toronto, May 25, 2026

Triple Flag Announces Increase in Credit Facility at Improved Terms

Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announces that it has secured amendments to its existing undrawn revolving credit facility (the “Credit Facility”), including an increase in the size of the Credit Facility at more favorable terms. All amounts are expressed in US dollars, unless otherwise indicated.

Under the amended agreement, the Company has a Credit Facility of $1 billion with an additional uncommitted accordion of up to $300 million. This represents an increase from the previous agreement that had a Credit Facility of $700 million and an accordion of up to $300 million.

Advances under the renewed Credit Facility are subject to interest at SOFR plus 1.325% to 2.75% per annum, depending on the Company’s leverage ratio. The amended interest rate spreads above SOFR have been reduced by 12.5 basis points at the lower end of the range, when compared to the previous Credit Facility agreement.

The Credit Facility has a term of four years, maturing in May 2030.

The amended Credit Facility was jointly led by National Bank Capital Markets, Bank of Nova Scotia and Canadian Imperial Bank of Commerce. Additionally, the syndicate includes Royal Bank of Canada, Toronto-Dominion Bank, Bank of America, Bank of Montreal and UBS. National Bank of Canada acts as Administrative Agent on the Credit Facility.

About Triple Flag Precious Metals Corp.

Triple Flag is a precious metals streaming and royalty company. We offer investors exposure to gold and silver from a total of 241 assets, consisting of 16 streams and 225 royalties, primarily from the Americas and Australia. These streams and royalties are tied to mining assets at various stages of the mine life cycle, including 34 producing mines and 207 development and exploration stage projects and other assets. Triple Flag is listed on the Toronto Stock Exchange and New York Stock Exchange under the ticker “TFPM”.

Contact Information

Investor Relations:

David Lee

Vice President, Investor Relations

Tel: +1 (416) 304-9770

Email: ir@tripleflagpm.com

Media:

Elfie Kent, Camarco

Tel: +44 (0)20 3757 4980

Email: tripleflag@camarco.co.uk

1

FAQ

What change did Triple Flag Precious Metals (TFPM) make to its credit facility?

Triple Flag increased its revolving credit facility to $1 billion and kept an uncommitted accordion of up to $300 million. This replaces a prior $700 million facility, giving the company a larger committed liquidity backstop for future funding needs and potential transactions.

How have the borrowing terms improved in Triple Flag’s updated credit facility?

Advances now bear interest at SOFR plus 1.325% to 2.75% per year, depending on leverage. The lower end of this spread has been reduced by 12.5 basis points versus the previous facility, modestly lowering potential borrowing costs when leverage is at stronger levels.

When does Triple Flag’s amended revolving credit facility mature?

The renewed revolving credit facility has a four-year term and matures in May 2030. This multi-year maturity profile offers stable access to bank financing, supporting Triple Flag’s long-term streaming and royalty strategy across its portfolio of gold and silver assets.

Which banks are involved in Triple Flag’s amended credit facility?

The amended facility is jointly led by National Bank Capital Markets, Bank of Nova Scotia, and Canadian Imperial Bank of Commerce. The syndicate also includes Royal Bank of Canada, Toronto-Dominion Bank, Bank of America, Bank of Montreal and UBS, with National Bank as Administrative Agent.

What kind of asset exposure does Triple Flag Precious Metals (TFPM) provide?

Triple Flag provides streaming and royalty exposure to 241 assets, including 16 streams and 225 royalties. These are linked mainly to gold and silver mines, with 34 producing operations and 207 development or exploration-stage projects, primarily in the Americas and Australia.

Is Triple Flag’s revolving credit facility currently drawn?

The company describes the arrangement as an existing undrawn revolving credit facility, now amended to increase its size and improve pricing. This means the facility is available as a liquidity backstop, but no outstanding borrowings are indicated in the disclosed information.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 8.7 KB