Eldorado Gold plans to sell $500 million eight-year senior notes

By Paul A. Harris

Portland, Ore., Nov. 13 - Eldorado Gold Corp. expects to price a $500 million offering of eight-year senior notes (Ba3/BB) on Friday, a market source said.

A roadshow began on Monday.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Bank of America Merrill Lynch are the joint bookrunners for the proposed Rule 144A and Regulation S for life deal.

The notes will be non-callable for four years.

The Vancouver, B.C.-based gold producer plans to use the proceeds from the offering to fund mine development, to repay the company's revolving credit facility and for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.