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Iamgold prices $400m of senior notes due 2025

By:  
Creamer Media Deputy Editor: North America
 
DEBT REDEMPTION
Midtier gold miner Iamgold has priced a private offering of $400-million principal amount of senior notes due 2025, the proceeds of which it will use to redeem its $489-million of outstanding 6.75% senior notes due in October 2020, by April 2. The notes bear a coupon of 7% and are being issued at a price of 100% of their face amount.
 
 
 
 
 

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