Royal Gold amends and restates revolver to modify size and maturity

By Sara Rosenberg

New York, May 30 - Royal Gold Inc. amended and restated its revolving credit facility to increase the size to $350 million from $225 million and to extend the maturity to May 30, 2017 from February 2014, according to a news release.

A $50 million accordion was also added to the revolver.

Pricing on the revolver was left unchanged at Libor plus 175 basis points, and there is still a 37.5 bps commitment fee.

HSBC Bank USA, Bank of Nova Scotia and Goldman Sachs Bank USA provide the revolver.

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

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