Eldorado Gold plans to redeem $234 million 9˝% second-lien notes due 2024

By Wendy Van Sickle

Columbus, Ohio, Aug. 9 – Eldorado Gold Corp. plans to redeem its $234 million of 9˝% senior secured second lien notes due June 2024 with some proceeds of an offering of up to $500 million of senior notes due 2029.

Additional proceeds will be used to repay all amounts outstanding under the company’s existing term loan and revolver and for general corporate purposes, according to a news release.

The Vancouver, B.C.-based gold and base metals producer has mining, development and exploration operations in Turkey, Canada, Greece, Romania and Brazil.

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