By Lisa Kerner
Charlotte, N.C., April 7 - Agnico-Eagle Mines Ltd. completed its previously announced private placement of $600 million of guaranteed senior unsecured notes due 2017, 2020 and 2022.
The securities have a weighted average maturity of 9.84 years and a weighted average yield of 6.59%, a company news release said.
Proceeds will be used to reduce amounts outstanding under Agnico-Eagle's credit lines.
As previously reported, the Toronto-based gold producer said it received non-binding commitments from institutional investors in the United States and Canada.
| Issuer: | Agnico-Eagle Mines Ltd.
|
| Issue: | Guaranteed senior unsecured notes
|
| Amount: | $600 million
|
| Maturities: | 2017, 2020 and 2022
|
| Average life: | 9.84 years
|
| Yield: | 6.59% weighted average
|
| Announcement date: | March 19
|
| Distribution: | Private placement
|
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