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DEBT | 12 Months Ended
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Jun. 30, 2019
DEBT |
DEBT | 5. DEBT The Company’s debt as of June 30, 2019 and 2018 consists of the following:
|  | As of June 30, 2019 |  | As of June 30, 2018
|  | Principal |  | Unamortized Discount |  | Debt Issuance Costs |  | Total |  | Principal |  | Unamortized Discount |  | Debt Issuance Costs |  | Total
|  |  | (Amounts in thousands) |  |  | (Amounts in thousands)
Convertible notes due 2019 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 370,000 |  | $ | (12,764) |  | $ | (1,316) |  | $ | 355,920
Revolving credit facility |  |  | 220,000 |  |  | — |  |  | (5,446) |  |  | 214,554 |  |  | — |  |  | — |  |  | (4,893) |  |  | (4,893)
Total debt |  | $ | 220,000 |  | $ | — |  | $ | (5,446) |  | $ | 214,554 |  | $ | 370,000 |  | $ | (12,764) |  | $ | (6,209) |  | $ | 351,027
Convertible Senior Notes Due 2019 In June 2012, the Company completed an offering of $370 million aggregate principal amount of convertible senior notes due 2019 (“2019 Notes”). The 2019 Notes bearing interest at the rate of 2.875% per annum, matured on June 15, 2019. The Company settled the $370 million aggregate principal amount plus accrued and unpaid interest on June 17, 2019 in cash primarily from our available revolving credit facility. Interest expense recognized on the 2019 Notes for the fiscal years ended June 30, 2019, 2018 and 2017 was approximately $24.3 million, $24.5 million and $23.6 million, respectively. Interest expense recognized includes the contractual coupon interest, the accretion of the debt discount and amortization of the debt issuance costs and is recorded in Interest and other expense consolidated statements of operations and comprehensive income (loss). Revolving Credit Facility On June 3, 2019, the Company entered into a second amendment to our revolving credit facility dated as of June 2, 2017. The amendment extended the scheduled maturity date from June 2, 2022 to June 3, 2024 and reduced certain interest rates and fees to be paid by the Company. As of June 30, 2019, the Company had $780 million available and $220 million outstanding under its revolving credit facility. The Company had no amounts outstanding under the revolving credit facility as of June 30, 2018. Royal Gold may repay borrowings under the revolving credit facility at any time without premium or penalty. As of June 30, 2019, the interest rate on borrowings under the revolving credit facility was LIBOR plus 1.20% for all-in rate of 3.65%. The Company was in compliance with each financial covenant (leverage ratio and interest coverage ratio) under the revolving credit facility as of June 30, 2019. Interest expense recognized on the revolving credit facility for the fiscal years ended June 30, 2019, 2018 and 2017 was approximately $1.7 million, $5.7 million and $9.9 million, respectively, and included interest on the outstanding borrowings and the amortization of the debt issuance costs.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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