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IAMGOLD Announces Commencement of Cash Tender Offer for Any and All of Its 7.000% Senior Notes Due 2025
Toronto, Ontario--(Newsfile Corp. - September 8, 2020) - IAMGOLD Corporation (TSX: IMG) (NYS...
About this update from Iamgold Corporation
[{"type":"text","content":"IAMGOLD Announces Commencement of Cash Tender Offer for Any and All of Its 7.000% Senior Notes Due 2025All amounts are in US dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - September 8, 2020) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (\"IAMGOLD\" or the \"Company\") today announced the commencement of a tender offer to purchase for cash from each registered holder (each, a \"Holder\" and, collectively, the \"Holders\") any and all of the Company's outstanding 7.000% Senior Notes due 2025 (the \"Notes\") (the \"Offer\").The Offer is being made by the Company pursuant to the Offer to Purchase dated September 8, 2020 (the \"Offer to Purchase\") and the related letter of transmittal (the \"Letter of Transmittal\" and, together with the Offer to Purchase, the \"Offer Documents\").The table below summarizes certain payment terms of the Offer: Description of NotesCUSIP / ISIN Nos.OutstandingPrincipal AmountTender Consideration(1)EarlyTenderPayment(1)TotalConsideration(1)(2)7.000% Senior Notes due 2025CUSIP: 450913AE8; C4535AAB6ISIN: US450913AE80;USC4535AAB64U.S.$400,000,000U.S.$1,024.25U.S.$30U.S.$1,054.25 (1) Per $1,000 principal amount of Notes tendered and accepted for purchase.(2) Includes the Early Tender Payment.The Offer will expire at 12:00 midnight, New York City time, on October 5, 2020 (one minute after 11:59 p.m., New York City time, on October 5, 2020), unless extended or earlier terminated (such date and time, as may be extended, the \"Expiration Date\").The early tender deadline for the Offer will be 5:00 p.m., New York City time, on September 21, 2020 (such date and time, as may be extended, the \"Early Tender Time\").Holders of the Notes must validly tender their Notes at or before the Early Tender Time in order to be eligible to receive the Early Tender Payment (as defined below) in addition to the Tender Consideration (as defined below). The Notes tendered may be withdrawn prior to 5:00 p.m., New York City time, on September 21, 2020 (such date and time, as may be extended, the \"Withdrawal Deadline\"), but not thereafter, except as required by applicable law.The total consideration for each $1,000 principal amount of the Notes is $1,054.25 (the \"Total Consideration\"), which includes an early tender payment of $30 per $1,000 principal amount of the Notes (the \"Early Tender Payment\"...