Yamana Gold to redeem 4.76%, 4.91%, 4.78%. 4.95% notes due 2022-2024

By Wendy Van Sickle

Columbus, Ohio, Aug. 4 – Yamana Gold Inc. plans to redeem 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, according to a news release.

The notes will be redeemed using proceeds of a new issue of $500 million of 2.63% 10-year notes and cash on hand.

The company said the redemptions will reduce overall interest and carrying charges on outstanding debt and extending outstanding debt maturities.

Yamana Gold is a Toronto-based gold producer.

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