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): July 7, 2021
ROYAL GOLD, INC.
(Exact name of registrant as specified in its charter)
| | | | |
Delaware | | 001-13357 | | 84-0835164 |
(State or other jurisdiction | | (Commission | | (IRS Employer |
of incorporation) | | File Number) | | Identification No.) |
| | |
1144 15th Street, Suite 2500, Denver, CO | | 80202-2686 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: 303-573-1660
(Former name or former address, if changed since last report.)
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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class: |
| Trading Symbol |
| Name of each exchange on which registered: |
Common Stock $0.01 Par Value | | RGLD | | Nasdaq Global Select Market |
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 July 7, 2021, Royal Gold, Inc. (“Royal Gold”) entered into a Fourth Amendment to Revolving Facility Credit Agreement (the “Amendment”), which amended the Revolving Facility Credit Agreement dated as of June 2, 2017, and amended as of May 15, 2018, June 3, 2019, and September 20, 2019, by and among Royal Gold, certain of its wholly owned subsidiaries, the lenders identified therein, and The Bank of Nova Scotia as administrative agent (the “Agreement”). Capitalized terms used but not defined in this report will have the meanings given to them in the Agreement.
The Amendment (1) extends the maturity date of the Agreement from June 3, 2024, to July 7, 2026, (2) adds provisions to provide for the eventual replacement of LIBOR as a benchmark interest rate, (3) makes certain changes to the lenders under the Agreement, and (4) makes certain other administrative changes to the Agreement. Except as set forth in the Amendment, the other terms and conditions of the Agreement remain in full force and effect.
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 report and is incorporated by reference into this Item 1.01.
Item 2.03 Creation 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 report is incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| | |
Exhibit |
| Description |
10.1 | | |
104 | | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) |
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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. | ||
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Dated: July 12, 2021 | By: | /s/ Margaret McCandless | |
| | Name: | Margaret McCandless |
| | Title: | Assistant General Counsel, Chief Compliance Officer and Corporate Secretary |
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