Royal Gold in $370 Million Convertible Bond Offering

June 20, 2012

Cleary Gottlieb represented the underwriters in Royal Gold’s $370 million offering of 2.875% Convertible Senior Notes due 2019 off of its SEC-registered shelf and in Canada pursuant to the U.S./Canadian Multijurisdictional Disclosure System (MJDS). Goldman Sachs acted as the sole book-running manager, and HSBC and Scotiabank acted as lead managers. The offering, including exercise in full of the related option to purchase additional notes, priced on June 14 and closed on June 20.

Royal Gold, together with its subsidiaries, is engaged in the business of acquiring and managing precious metal royalties and similar interests. It is publicly traded on the NASDAQ Global Select Market and the Toronto Stock Exchange.