DEBT

6 Months Ended

Dec. 31, 2020

DEBT

DEBT

5.    DEBT

Our debt as of December 31, 2020 and June 30, 2020 consists of the following:

	As of December 31, 2020						As of June 30, 2020
	Principal		Debt Issuance Costs		Total		Principal		Debt Issuance Costs		Total
		(Amounts in thousands)						(Amounts in thousands)
Revolving credit facility	$	200,000	$	(4,017)	$	195,983	$	305,000	$	(4,561)	$	300,439
Total debt	$	200,000	$	(4,017)	$	195,983	$	305,000	$	(4,561)	$	300,439

Revolving credit facility

As of December 31, 2020, we had $200 million outstanding and $800 million available under our revolving credit facility. The interest rate on borrowings under our revolving credit facility as of December 31, 2020 was LIBOR plus 1.10% for an all-in rate of 1.33%. Interest expense, which includes interest on outstanding borrowings and amortization of debt issuance costs, was $1.0 million and $2.2 million for the three and six months ended December 31, 2020, respectively, and $1.6 million and $3.8 million for the three and six months ended December 31, 2019, respectively. As discussed in Note 6 to the consolidated financial statements in our Fiscal 2020 10-K, we have financial covenants associated with our revolving credit facility. As of December 31, 2020, we were in compliance with each financial covenant.

On January 4, 2021, we repaid $50 million of the outstanding borrowings under our revolving credit facility. This increased the amount available under our revolving credit facility to $850 million and decreased the amount outstanding to $150 million.

Royal Gold may repay any borrowings under our revolving credit facility at any time without premium or penalty. Our revolving credit facility matures on June 3, 2024.