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AuRico Gold Announces Pricing of $315 million Senior Secured Second Lien Notes Offering
TORONTO , March 17, 2014 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), AuRico Gold ...
About this update from Alamos Gold Inc.
[{"type":"text","content":"\n\n\nTORONTO, March 17, 2014 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), AuRico Gold Inc. (\"AuRico\" or the \"Company\") today announces the pricing\n of its private offering of $315 million aggregate principal amount of\n Senior Secured Second Lien Notes due 2020 (the \"Notes\"). The Notes were\n issued with a coupon of 7.75% and sold at 96.524% of par, and are\n expected to result in net proceeds to the Company of approximately $297\n million, after deducting the initial purchasers' discounts and\n estimated offering expenses payable by the Company. The offering is\n expected to close on or about March 27, 2014. AuRico intends to use the\n net proceeds of the Notes to repurchase its Convertible Notes due 2016\n (the \"Convertible Notes\") that are tendered to AuRico's offer announced\n March 6, 2014 to purchase any and all of its Convertible Notes, to fund\n principal and interest payments on any Convertible Notes that remain\n outstanding following the offer to purchase, to repay amounts\n outstanding under its existing senior secured credit facility and for\n general corporate purposes, which may include funding capital\n expenditures to support organic growth.\n\n\nThe offer and sale of the Notes will not be registered under the United\n States Securities Act of 1933, as amended (the \"Securities Act\"), and\n the Notes may not be offered or sold in the United States absent\n registration or an applicable exemption from the registration\n requirements of the Securities Act and applicable state securities\n laws. This news release shall not constitute an offer to sell or the\n solicitation of an offer to buy the Notes, nor shall there be any offer\n or sale of the Notes in any jurisdiction in which such offer,\n solicitation or sale would be unlawful.\n\n\nAll amounts above are in U.S. dollars, unless otherwise indicated.\n\n\nAbout AuRico Gold\n\n\nAuRico Gold is a leading Canadian gold producer with mines and projects\n in North America that have solid production growth and exploration\n potential. The Company is focused on its core operations including the\n Young-Davidson gold mine in northern Ontario and the El Chanate mine in\n Sonora State, Mexico. AuRico's project pipeline also includes advanced\n development opportunities in Canada and Mexico. AuRico's head office is\n located in Toronto, Ontario, Canada.\n\n...