Eldorado Gold plans up to $500 million senior notes due 2029

By Wendy Van Sickle

Columbus, Ohio, Aug. 9 – Eldorado Gold Corp. plans to offer up to $500 million of senior notes due 2029, subject to market and other conditions, according to a news release.

Proceeds will be used to reedmen the company’s $234 million of 9˝% senior secured second-lien notes due June 2024, to repay all amounts outstanding under the company’s existing term loan and revolver and for general corporate purposes.

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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