Royal Gold Secures $355M

Royal Gold has modified its term loan and revolving credit facility.

Royal Gold has modified its term loan and revolving credit facility. The restructuring includes an increase in the maximum availability under the revolver to $225 million from $125 million and an increase in the total borrowing under the term loan to $130 million from $110.5 million. The company has also extended the final maturity date for each of the bank facilities to Feb. 1, 2014. HSBC Bank USA, National Association and the Bank of Nova Scotia provided the facilities.

Click here for the release from Business Wire.