Royal Gold pays down $125 million on revolver in two payments

By Wendy Van Sickle

Columbus, Ohio, April 17 – Royal Gold Inc. recently made two repayments totaling $125 million on its revolving credit facility, according to a company announcement.

On March 26, a $100 million prepayment was made using operating cash flow.

On April 8, Royal Gold repaid $25 million using proceeds of the repayment by MMG Ltd. to the company of the $25 million subordinated debt facility upon the completion of the acquisition of Khoemacau Copper Mining. Including capitalized interest, the proceeds received from the repayment of this facility were approximately $37 million.

On April 17, $125 million remained drawn on the revolver at an all-in rate of 6.5%.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.