Business
Kinross Gold Announces US$500 million unsecured 10-year notes offering to refinance its outstanding notes due 2024
TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K)(NYSE: KGC) announced today that it has priced an offering of debt securities
About this update from Kinross Gold Corporation
[{"type":"text","content":" TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K)(NYSE: KGC) announced today that it has priced an offering of debt securities consisting of US$500 million aggregate principal amount of 6.250% senior notes due 2033. The notes will be senior unsecured obligations of Kinross and will be unconditionally and irrevocably guaranteed by certain of Kinross’ wholly-owned subsidiaries that are also guarantors under Kinross’ senior unsecured credit agreements. The offering is expected to close on July 5, 2023, subject to customary closing conditions. Kinross intends to use the net proceeds from the offering to redeem all US$500 million aggregate principal of its outstanding 5.95% senior notes due 2024 (the “2024 Notes”). As of the date of this news release, Kinross has not issued a notice of redemption in respect of the 2024 Notes. This news release shall not constitute a notice of redemption with respect to the 2024 Notes. The offering is being made to “qualified institutional buyers” pursuant to Rule 144A under the United States Securities Act of 1933 (the “Act”) and outside the United States pursuant to Regulation S under the Act. The notes have not been and will not be registered under the Act and the notes may not be offered or sold in the United States absent registration under the Act or the availability of an applicable exemption from registration requirements. Offers and sales in Canada will be made only pursuant to exemptions from the prospectus requirements of applicable Canadian provincial or territorial securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any security. About Kinross Gold Corporation Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC). Media Contact Victoria BarringtonSenior Director, Corporate Communicationsphone: [email protected] Investor Relations ContactChris Lichtenheldt ...