Royal Gold will draw on revolver for royalty interests acquisition

Chicago, June 13 – Royal Gold Inc. will use its revolving credit facility to fund the $250 million cash consideration payable to ACG Acquisition Co. for new royalty interest on a copper-gold mine and a nickel-copper mine, according to an 8-K filing with the Securities and Exchange Commission.

The company will make a revolver draw of approximately $200 million, assuming current metal prices.

On June 6, Royal Gold repaid $100 million of the outstanding balance on the facility, leaving $400 million outstanding on that date.

Closing on the acquisition is expected in July 2023.

Royal Gold is a Denver-based precious metals stream and royalty company.

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