Royal Gold, Inc. Enters into Fourth Amendment to Revolving Credit Agreement
July 12, 2021 at 04:16 pm EDT
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On July 7, 2021, Royal Gold, Inc. entered into a Fourth Amendment to Revolving Facility Credit Agreement, which amended the Revolving Facility Credit Agreement dated as of June 2, 2017, and amended as of May 15, 2018, June 3, 2019, and September 20, 2019, by and among Royal Gold, certain of its wholly owned subsidiaries, the lenders identified therein, and The Bank of Nova Scotia as administrative agent (the “Agreement”). Capitalized terms used but not defined in this report will have the meanings given to them in the Agreement. The Amendment (1) extends the maturity date of the Agreement from June 3, 2024, to July 7, 2026, (2) adds provisions to provide for the eventual replacement of LIBOR as a benchmark interest rate, (3) makes certain changes to the lenders under the Agreement, and (4) makes certain other administrative changes to the Agreement. Except as set forth in the Amendment, the other terms and conditions of the Agreement remain in full force and effect.
Royal Gold, Inc. is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. The Company's segments include Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment includes a metal stream, which is a purchase agreement that provides the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. The Acquisition and Management of Royalty Interests segment includes non-operating interests in mining projects that provide the right to revenue or metals produced from the project after deducting specified costs, if any. The Company owns interests on approximately 178 properties on five continents, including interests on 37 producing mines and 22 development stage projects.
ROYAL GOLD, INC. 
