- Eldorado Gold (ELD) has completed its US$500 million offering of 6.250 per cent senior notes due 2029
- Net proceeds will be used to redeem its outstanding 9.500 per cent Senior Secured Second Lien Notes
- The offering will allow Eldorado to pursue a broader range of funding alternatives for the development of the Kassandra assets in Greece
- Eldorado is a gold and base metals producer with operations across the globe
- Eldorado Gold Corporation (ELD) is up 0.19 per cent, trading at C$10.64 per share at 12:30 pm ET
Eldorado Gold (ELD) has completed its US$500 million offering of 6.250 per cent senior notes due 2029.
Eldorado will use the net proceeds to redeem its outstanding US$234 million 9.500 per cent Senior Secured Second Lien Notes due June 2024, service debts, and for general corporate purposes.
“The issuance of the notes provides Eldorado greater financial flexibility as we go forward,” said George Burns, President and CEO. “In addition to the lower cost of debt, the new notes allow Eldorado to pursue a broader range of funding alternatives for the development of the Kassandra assets in Greece.”
Eldorado Gold is a Canadian mid-tier gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil.
Eldorado Gold Corporation (ELD) is up 0.19 per cent, trading at C$10.64 per share at 12:30 pm ET.