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Agnico-Eagle Mines places $50 million of senior notes due 2025
By Lisa Kerner
Charlotte, N.C., Oct. 30 – Agnico-Eagle Mines Ltd. closed a private placement of $50 million of 4.15% guaranteed senior notes due 2025 on Sept. 30.
Proceeds will be used for mining projects in the Province of Quebec, Canada, according to a filing with the Securities and Exchange Commission.
The company is required to maintain a specified total net debt to EBITDA ratio and tangible net worth.
Toronto-based Agnico-Eagle is a gold producer.
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