Royal Gold, Inc. (RGL.TO: Quote) said Wednesday that it has closed its offering of $370 million aggregate principal amount of 2.875 percent convertible senior notes due 2019. Net proceeds from the offering were about $359.1 million.
Underwriters exercised the over-allotment option fully to purchase $45 million aggregate principal amount of notes.
The company said that it intends to use the net proceeds to repay amounts outstanding under, and to terminate, its term loan facility, and for general corporate purposes, including future acquisitions of royalty interests.
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by RTT Staff Writer
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