Royal Gold gets new $100 million secured term loan led by HSBC

By Sara Rosenberg

New York, Jan. 21 - Royal Gold Inc. closed on a new $100 million 18-month secured term loan, according to a news release.

HSBC acted as the lead arranger on the deal.

The term loan is priced at Libor plus 225 basis points.

Funding of the loan will take place in conjunction with the closing of Royal Gold's acquisition of International Royalty Corp.

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

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