Kinross Gold to repay term loan due 2020 via senior note proceeds

By Tali Rackner

Minneapolis, June 29 – Kinross Gold Corp. plans to repay its term loan due August 2020 using the net proceeds from a new note offering and cash on hand, according to a press release.

The company announced on Wednesday an offering of $500 million principal amount of 4.5% senior notes due 2027. The offering is expected to close on July 6.

Kinross is a Toronto-based gold mining company.

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