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New Gold announces $400m notes offering

11th June 2020

By: Creamer Media Reporter

     

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Canada-focused intermediate gold miner New Gold has announced an offering of $400-million of senior notes due 2027.

The TSX- and NYSE American-listed miner says it intends to use the net proceeds from the offering, together with cash on hand, to fund the redemption of its outstanding 6.25% senior notes due 2022, and to pay related fees and expenses.

The offering is expected to close on June 24.

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Edited by Creamer Media Reporter

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