---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-011623"
form_type: "8-K"
ticker: "RGLD"
cik: "0000085535"
company_name: "ROYAL GOLD INC"
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T14:30:48.164918+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Royal Gold extends revolving credit facility maturity to 2028, replaces LIBOR with Term SOFR

## Summary
- Maturity date extended from July 7, 2026 to June 28, 2028 under Fifth Amendment.
- USD LIBOR replaced with Term SOFR as benchmark interest rate for Dollar loans.
- Other administrative changes; existing credit agreement terms otherwise unchanged.
- Amendment executed June 28, 2023; no change to commitment size or financial covenants.

## SEC filing metadata
- accession: 0001558370-23-011623
- form_type: 8-K
- ticker: RGLD
- cik: 0000085535
- company_name: ROYAL GOLD INC
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85535/000155837023011623/0001558370-23-011623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85535/000155837023011623/rgld-20230628x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-011623
- JSON: https://secwatch.observer/filing/0001558370-23-011623.json
- Plain text: https://secwatch.observer/filing/0001558370-23-011623.txt

## Key facts
- Debt Financings
  ROYAL GOLD INC amended revolving credit with The Bank of Nova Scotia (as Administrative Agent) at Secured Overnight Financing Rate (Term SOFR) maturing June 28, 2028.
  - Instrument: revolving credit
  - Counterparty: The Bank of Nova Scotia (as Administrative Agent)
  - Rate: Secured Overnight Financing Rate (Term SOFR)
  - Maturity: June 28, 2028
  - Event: amendment
  source text: The Fifth Amendment (1) extends the maturity date of the Existing Credit Agreement from July 7, 2026, to June 28, 2028, (2) replaces USD LIBOR applicable to Loans in Dollars with Secured Overnight Financing Rate (“Term SOFR”) as a benchmark interest rate, and (3) makes certain other administrative changes to the Existing Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/85535/000155837023011623/0001558370-23-011623-index.htm
- Material Agreements
  ROYAL GOLD INC amended Fifth Amendment to Revolving Facility Credit Agreement with The Bank of Nova Scotia; Canadian Imperial Bank of Commerce; Bank of America, N.A.; Bank of Montreal, Chicago Branch; Goldman Sachs Bank USA; National Bank of Canada; Royal Bank of Canada; The Toronto-Dominion Bank (effective 2023-06-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: The Bank of Nova Scotia; Canadian Imperial Bank of Commerce; Bank of America, N.A.; Bank of Montreal, Chicago Branch; Goldman Sachs Bank USA; National Bank of Canada; Royal Bank of Canada; The Toronto-Dominion Bank
  - Effective: 2023-06-28
  source text: On June 28, 2023, Royal Gold, Inc. (“Royal Gold”) entered into the Fifth Amendment to Revolving Facility Credit Agreement (the “Fifth Amendment”), by and among Royal Gold and RGLD Gold AG, as the Borrowers; RG Royalties, LLC, Royal Gold International Holdings, Inc., RGLD Holdings, LLC, RGLD Gold (Canada) ULC, and International Royalty Corporation, as the Guarantors; The Bank of Nova Scotia (“BNS”), as the Administrative Agent; and BNS, Canadian Imperial Bank of Commerce, Bank of America, N.A., Bank of Montreal, Chicago Branch, Goldman Sachs Bank USA, National Bank of Canada, Royal Bank of Canada, and The Toronto-Dominion Bank, as the Lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/85535/000155837023011623/0001558370-23-011623-index.htm

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