Kinross launches $500m unsecured debt offering to repay 2020 term loan

June 29, 2017

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Major Canadian miner Kinross Gold has launched a $500-million unsecured ten-year debt offering which it will use the net proceeds, in combination with cash on hand, to repay its $500-million term loan due in 2020.

Toronto-based Kinross, which has mines and projects in the US, Brazil, Russia, Mauritania, Chile and Ghana, said on Wednesday that the debt offering comprises 4.5% senior notes due in 2027.

Category: General