DEBT

6 Months Ended

Dec. 31, 2021

DEBT

DEBT

6. DEBT

The Company’s debt as of December 31, 2021, June 30, 2021 and 2020 consists of the following (amounts in thousands):

	December 31,		June 30,		June 30,
	2021		2021(1)		2020
Revolving credit facility principal	$	—	$	—	$	305,000
Debt issuance costs		(4,408)		(3,443)		(4,561)
Total debt	$	(4,408)	$	(3,443)	$	300,439

(1) Included in Other assets on our consolidated balance sheets.

Revolving Credit Facility

As of December 31, 2021, we had no amounts outstanding under our revolving credit facility. Interest expense recognized on the revolving credit facility for the six months ended December 31, 2021, and fiscal years ended June 30, 2021, 2020 and 2019 was approximately $1.4 million, $3.3 million, $7.0 million and $1.7 million, respectively, and included interest on the outstanding borrowings and the amortization of the debt issuance costs. We were in compliance with each financial covenant (leverage ratio and interest coverage ratio) under the revolving credit facility as of December 31, 2021.

On July 7, 2021, we entered into a fourth amendment to our revolving credit facility dated as of June 2, 2017. The amendment extends the maturity date from June 3, 2024, to July 7, 2026, adds provisions to provide for the eventual replacement of LIBOR and makes certain changes to the lenders under the agreement.

Royal Gold may repay any borrowings under the revolving credit facility at any time without premium or penalty.