Dual-listed Alamos Gold has completed the redemption of its outstanding $315-million 7.75% senior secured second lien notes due in 2020, resulting in interest savings of $24.4-million a year.
The notes were redeemed at a price of 103.88% of the principal amount plus accrued interest to the date of redemption. The notes were retired with net proceeds of $239-million from an equity financing completed in February, along with existing cash.
