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Iamgold to price $450 million eight-year notes during Sept. 7 week
By Paul A. Harris
Portland, Ore., Sept. 8 – Iamgold Corp. expects to price $450 million of eight-year senior notes (B2/B+) before the end of the Sept. 7 week, according to a market source.
Deutsche Bank is leading the Rule 144A and Regulation S offering.
The notes come with three years of call protection.
The Toronto-based mid-tier mining company plans to use the proceeds to redeem all of its outstanding 7% senior notes due 2025 and for general corporate purposes.
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