DEBT

9 Months Ended

Mar. 31, 2021

DEBT

DEBT

5.    DEBT

Our debt as of March 31, 2021 and June 30, 2020 consists of the following:

	As of March 31, 2021						As of June 30, 2020
	Principal		Debt Issuance Costs		Total		Principal		Debt Issuance Costs		Total
		(Amounts in thousands)						(Amounts in thousands)
Revolving credit facility	$	150,000	$	(3,730)	$	146,270	$	305,000	$	(4,561)	$	300,439
Total debt	$	150,000	$	(3,730)	$	146,270	$	305,000	$	(4,561)	$	300,439

Revolving credit facility

As of March 31, 2021, we had $150 million outstanding and $850 million available under our revolving credit facility. The interest rate on borrowings under our revolving credit facility as of March 31, 2021 was LIBOR plus 1.10% for an all-in rate of 1.34%. Interest expense, which includes interest on outstanding borrowings and amortization of debt issuance costs, was $0.8 million and $3.0 million for the three and nine months ended March 31, 2021, respectively, and $1.2 million and $5.0 million for the three and nine months ended March 31, 2020, 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 March 31, 2021, we were in compliance with each financial covenant.

On April 1, 2021, we repaid the remaining outstanding borrowings ($150 million) under our revolving credit facility. This increased the amount available under our revolving credit facility to $1 billion and decreased the amount outstanding to zero.

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.