secwatch.observer — SEC 8-K summary
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Issuer:     ROYAL GOLD INC (RGLD)
CIK:        0000085535
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0000085535-25-000092
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/85535/000008553525000092/0000085535-25-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/85535/000008553525000092/rgld-20250626.htm
  HTML page:      https://secwatch.observer/filing/0000085535-25-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer