Franco-Nevada Mulls Credit as `Hokey' Streaming Goes Mainstream
- Funding alternative gaining credibility for cash-hungry miners
- CEO expects oil and gas deals as pricing becomes more rational
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For Franco-Nevada Corp., the best time to take on debt is at the bottom of a market. The day may be approaching for the Canadian royalty and streaming company as the commodity rout boosts demand for alternative funding.
“There are so many opportunities out there, we might have to dip into our credit lines,” Chief Executive Officer David Harquail said in an interview last week from his Toronto offices. “The ideal is you lever yourself up at the very bottom of the bear market and hopefully, if you’ve called it right, then you really benefit as the market turns around.”