Royal Gold borrows $350 million under revolving credit agreement

By Tali Rackner

Norfolk, Va., Sept. 23 – Royal Gold, Inc. borrowed $350 million under its revolving credit agreement on Sept. 17, according to an 8-K filing with the Securities and Exchange Commission.

The borrowing is in connection with funding the previously disclosed agreement between the company’s wholly owned subsidiary RGLD Gold AG and BGC Holdings Ltd., a wholly owned subsidiary of Barrick Gold Corp., for a percentage of the gold and silver production attributable to Barrick’s 60% interest in the Pueblo Viejo mine located in the Dominican Republic.

HSBC Bank USA, Inc. is the administrative agent.

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

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