Royal Gold Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
$RGLD
Precious Metals
Industrials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 26, 2025
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Item 1.01 Entry into a Material Definitive Agreement
On June 26, 2025, Royal Gold, Inc. (the “Company”) entered into the Sixth Amendment to Revolving Facility Credit Agreement (the “Sixth Amendment”) by and among the Company and RGLD Gold AG, as borrowers; certain of the Company’s subsidiaries, as guarantors; certain banks and financial institutions, as lenders; the Bank of Nova Scotia, as administrative agent; and the Bank of Nova Scotia, Canadian Imperial Bank of Commerce, and BofA Securities, Inc., as joint lead arrangers.
The Sixth Amendment amends the Revolving Facility Credit Agreement, dated June 2, 2017 (as amended, the “Credit Agreement”), to, among other things:
•extend the maturity date from June 28, 2028 to June 30, 2030;
•increase the size of the accordion feature from $250 million to $400 million, which, subject to satisfaction of certain conditions and receipt of additional commitments from existing or new lenders, allows the borrowers to increase the aggregate commitments under the revolving credit facility to up to $1.4 billion; and
•revise the leverage ratio required of the borrowers to be less than or equal to 4.00:1.00, rather than 4.00:1.00 for the two fiscal quarters following the consummation of a material permitted acquisition and 3.50:1.00 at all other times.
Except as set forth in the Sixth Amendment, the other terms and conditions of the Credit Agreement remain in full force and effect.
The foregoing description of the Sixth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Sixth Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |||||||
| 10.1 | ||||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) | |||||||
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 hereunto duly authorized.
| Royal Gold, Inc. | |||||||||||
| Date: July 1, 2025 | By: | /s/ David R. Crandall | |||||||||
| Name: | David R. Crandall | ||||||||||
| Title: | Vice President, Corporate Secretary and Chief Compliance Officer | ||||||||||