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Kinross closes $500m offering to refinance notes due 2024

6th July 2023

By: Creamer Media Reporter

     

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Canada-headquartered miner Kinross Gold has closed its previously announced offering of debt securities, consisting of $500-million aggregate principal amount of 6.250% senior notes due 2033.

The notes are senior unsecured obligations of Kinross and are unconditionally and irrevocably guaranteed by certain of Kinross’ wholly-owned subsidiaries that are also guarantors under Kinross’ senior unsecured credit agreements.

Kinross will use the net proceeds from the offering to redeem all $500-million aggregate principal of its outstanding 5.95% senior notes due 2024.

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Edited by Creamer Media Reporter

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