Business
IAMGOLD Announces Offering of $450 Million of Senior Notes Due 2028
Toronto, Ontario--(Newsfile Corp. - September 8, 2020) - IAMGOLD Corporation (TSX: IMG) (NYS...
About this update from Iamgold Corporation
[{"type":"text","content":"IAMGOLD Announces Offering of $450 Million of Senior Notes Due 2028All 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 that it has commenced an offering of $450 million aggregate principal amount of Senior Notes due 2028 (the \"Notes\"). IAMGOLD intends to use the net proceeds from the offering of the Notes to fund the purchase or redemption of all of its outstanding 7.000% Senior Notes due 2025 (the \"Existing Notes\"), and to use the remainder of the net proceeds for general corporate purposes.As previously announced, IAMGOLD has commenced a tender offer (the \"Tender Offer\") to purchase for cash any and all of the Existing Notes, subject to, among other conditions, the successful completion of the offering of the Notes. Concurrently with the launch of the Tender Offer, pursuant to the terms of the indenture governing the Existing Notes, IAMGOLD issued a conditional notice of redemption pursuant to which it will redeem any Existing Notes not tendered in the Tender Offer, subject to the successful completion of the offering of the Notes. The offering of the Notes is not conditional upon any minimum principal amount of Existing Notes being tendered and purchased in the Tender Offer.The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"Securities Act\"), or the securities laws of any state and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements thereof. The Notes will be offered and sold in the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in reliance on Regulation S under the Securities Act. The Notes will be offered and sold in Canada on a private placement basis pursuant to certain exemptions from applicable Canadian securities laws.This news release does not constitute an offer to sell or a solicitation of an offer to buy the Notes in the United States or any other jurisdiction, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration o...