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.