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Prospect News home > News index > List of issuers I > Headlines for Iamgold Corp. > News item |
Iamgold gets tenders for $161,000 more 6¾% notes since early deadline
By Susanna Moon
Chicago, Sept. 6 – Iamgold Corp. said investors had tendered $145,863,000 principal amount, or about 23%, of its $635 million outstanding 6¾% senior notes due 2020 in the offer that ended at midnight ET on Sept. 2.
Iamgold plans to accept for purchase all notes tendered since 5 p.m. ET on Aug. 19, the early tender date, on Tuesday, according to a company notice.
As previously announced, holders had tendered $145,702,000 principal amount, or 23%, of the 6¾% notes as of the early tender deadline.
Iamgold began tendering for up to $150 million principal amount of the notes on Aug. 8 at a total purchase price of $970 per $1,000 principal amount of notes tendered by the early deadline, which included a $30 early tender premium per $1,000 of notes.
Holders who tendered after the early deadline will receive the base tender payment of $940 per $1,000 principal amount, or the total amount less the early premium.
The company will also pay accrued interest up to but excluding the settlement date, which was Aug. 22 for early tenders.
The tender offer was not conditioned on a minimum amount of tenders but was conditioned on completion of an equity offering.
The dealer manager is Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106). The information and tender agent is Global Bondholder Services Corp. (212 430-3774, 866 470-4500 or info@gbsc-usa.com).
Iamgold is a gold mining company based in Toronto.
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