Cameco considers redeeming 4.7% series C debentures due 2015

By Tali Rackner

Norfolk, Va., June 10 – Cameco Corp. is contemplating redeeming all or a part of its C$300 million of 4.7% series C senior unsecured debentures due Sept. 16, 2015, according to a press release.

The company said it would finance the redemption either through funds available under its unsecured credit facility, cash on hand or proceeds from a debt financing that may be undertaken, in whole or part, to refinance the debentures if market conditions are favorable.

Cameco is a Saskatoon, Sask.-based uranium supplier.

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