debt
confidence high
sentiment positive
materiality 0.55
Royal Gold extends revolver maturity to 2030, increases accordion to $400M, eases leverage test
ROYAL GOLD INC
- Maturity extended from June 28, 2028 to June 30, 2030.
- Accordion feature increased from $250M to $400M, allowing total commitments up to $1.4B.
- Leverage ratio covenant revised to ≤4.00x at all times (previously 3.50x outside post-acquisition periods).
- Sixth Amendment executed June 26, 2025; no defaults and all representations reaffirmed.
item 1.01item 2.03item 9.01