Kinross Announces $500 Million Unsecured 10-Year Debt Offering
Kinross Gold Corp. (TSX: K; NYSE: KGC) announces that it has priced an offering of debt securities consisting of $500 million in 4.50% senior notes, due in 2027. The notes will be unsecured, senior obligations of Kinross and will be guaranteed by certain Kinross subsidiaries that are also guarantors under Kinross' senior unsecured credit agreement. The offering is expected to close on July 6. “Kinross intends to use the net proceeds, along with available cash on hand, to repay its term loan, which is due August 2020,” the company says.