Royal Gold Amends its Revolving Credit Facility and Term Loan

Royal Gold, Inc. RGLD today announced that it has amended and restated its term loan and revolving credit facility. The Bank Facilities are provided by HSBC Bank USA, National Association and The Bank of Nova Scotia. Key modifications to the Bank Facilities include, among other items: 1) an increase in the maximum availability under the Revolver from $125 million to $225 million; 2) an increase in the total borrowing under the Term Loan from $110.5 million to $130 million; 3) an extension of the final maturity date for each of the Bank Facilities to February 1, 2014; 4) a restructuring of the interest rate applicable to the Term Loan, making it consistent with the interest rate under the Revolver, which results in a reduction in the current effective rate from LIBOR plus 2.25% to LIBOR plus 1.875%; and 5) a reduction in the amortization rate for principal payments under the Term Loan from 5% of the initial funded principal amount per quarter to 3% of the currently funded principal amount per quarter.