---
schema_version: "secwatch.filing_event.v1"
accession: "0000085535-25-000092"
form_type: "8-K"
ticker: "RGLD"
cik: "0000085535"
company_name: "ROYAL GOLD INC"
filed_at: "2025-07-01T23:59:59+00:00"
generated_at: "2026-05-18T11:31:19.728633+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Royal Gold extends revolver maturity to 2030, increases accordion to $400M, eases leverage test

## Summary
- 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.

## SEC filing metadata
- accession: 0000085535-25-000092
- form_type: 8-K
- ticker: RGLD
- cik: 0000085535
- company_name: ROYAL GOLD INC
- filed_at: 2025-07-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85535/000008553525000092/0000085535-25-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85535/000008553525000092/rgld-20250626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085535-25-000092
- JSON: https://secwatch.observer/filing/0000085535-25-000092.json
- Plain text: https://secwatch.observer/filing/0000085535-25-000092.txt

## Key facts
- Debt Financings
  ROYAL GOLD INC amended credit facility of From the Credit Agreement; no change stated; accordion feature increased from $250 million to $400 million, allowing agg with Bank of Nova Scotia, Canadian Imperial Bank of Commerce, and BofA Securities, Inc., as joint lead arrangers and lenders at Not specified in the excerpt maturing Extended from June 28, 2028 to June 30, 2030.
  - Instrument: credit facility
  - Principal: From the Credit Agreement; no change stated; accordion feature increased from $250 million to $400 million, allowing agg
  - Counterparty: Bank of Nova Scotia, Canadian Imperial Bank of Commerce, and BofA Securities, Inc., as joint lead arrangers and lenders
  - Rate: Not specified in the excerpt
  - Maturity: Extended from June 28, 2028 to June 30, 2030
  - Event: amendment
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/85535/000008553525000092/0000085535-25-000092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.