By Wendy Van Sickle
Columbus, Ohio, Aug. 4 – Yamana Gold Inc. sold $500 million of 2.63% 10-year senior notes (Baa3), according to a news release.
The notes will be unconditionally guaranteed by certain Yamana subsidiaries that also are guarantors under Yamana’s credit facility.
Proceeds will be used, with cash on hand, to fund the redemptions of its 4.76% series C senior notes due 2022, its 4.91% series D senior notes due 2024, its 4.78% series B senior notes due 2023 and its 4.95% senior notes due 2024.
Yamana Gold is a Toronto-based gold producer.
| Issuer: | Yamana Gold Inc.
|
| Guarantors: | Certain Yamana subsidiaries that also are guarantors under Yamana’s credit facility
|
| Amount: | $500 million
|
| Description: | Senior notes
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| Maturity: | Aug. 15, 2031
|
| Coupon: | 2.63%
|
| Trade date: | Aug. 4
|
| Settlement date: | Aug. 6
|
| Ratings: | Moody’s: Baa3
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