UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 3, 2019
ROYAL GOLD, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
| 001-13357 |
| 84-0835164 |
(State or other jurisdiction |
| (Commission |
| (IRS Employer |
of incorporation) |
| File Number) |
| Identification No.) |
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1660 Wynkoop Street, Suite 1000, Denver, CO |
| 80202-1132 |
(Address of principal executive offices) |
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Registrant’s telephone number, including area code: 303-573-1660
(Former name or former address, if changed since last report.)
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class: |
| Trading Symbol |
| Name of each exchange on which registered: |
Common Stock $0.01 Par Value |
| RGLD |
| Nasdaq Global Select Market |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01Entry into a Material Definitive Agreement.
On June 3, 2019, Royal Gold, Inc. (“Royal Gold” or “Company”) entered into a Second Amendment to Revolving Facility Credit Agreement (the “Amendment”), amending the Revolving Facility Credit Agreement dated as of June 2, 2017 (the “Revolving Credit Agreement”) by and among the Company, as borrower, certain wholly-owned subsidiaries of the Company as guarantors and pledgors, certain lenders from time to time party thereto, and The Bank of Nova Scotia as administrative agent for the lenders. A summary of the terms of the Revolving Credit Agreement as originally entered into may be found in the Current Report on Form 8-K filed by the Company on June 6, 2017, which summary is incorporated herein by reference.
The Amendment revises the Revolving Credit Agreement to extend the scheduled maturity date thereunder from June 2, 2022 to June 3, 2024 and to reduce certain interest rates and fees to be paid by the Company. Except as set forth in the Amendment, all other terms and conditions of the Revolving Credit Agreement remain in full force and effect.
As of June 3, 2019, no amounts are outstanding under the Revolving Credit Agreement.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
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Exhibit |
| Description |
10.1 |
| Second Amendment to Revolving Facility Credit Agreement, dated June 3, 2019. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| Royal Gold, Inc. | ||
| (Registrant) | ||
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Dated: June 5, 2019 | By: | /s/ Bruce C. Kirchhoff | |
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| Name: | Bruce C. Kirchhoff |
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| Title: | Vice President, General Counsel and Secretary |
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