Eldorado Gold sets Tuesday investor call for $500 million eight-year notes; pricing Wednesday

By Paul A. Harris

Portland, Ore., Aug. 9 – Eldorado Gold Corp. set an investment call for 11:30 a.m. ET on Tuesday to kick off its $500 million offering of eight-year senior notes, according to a syndicate source.

The Rule 144A for life deal is set to price on Wednesday.

BofA Securities is the left bookrunner. HSBC, BMO, NBC, BNP Paribas and SG are the joint bookrunners.

The notes become callable after three years at par plus 50% of the coupon.

The Vancouver, B.C.-based gold producer plans to use the proceeds to redeem its 9½% senior secured second-lien notes due 2024, to repay revolver debt, to pay off its term loan, to fund cash to its balance sheet and for general corporate purposes.

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