AuRico Gold begins tender offer for any and all 3.5% convertibles

By Angela McDaniels

Tacoma, Wash., March 6 - AuRico Gold Inc. began a tender offer for any and all of its $167 million outstanding principal amount of 3.5% convertible notes due Oct. 1, 2016, according to a company news release.

The company is offering $1,040 per $1,000 principal amount plus accrued interest up to but excluding the payment date.

The tender offer will expire at midnight ET at the end of April 2.

The tender offer will be funded with the proceeds of an offering of new senior notes or other long-term debt financing.

The dealer managers are RBC Capital Markets (877 381-2099 or 212 618-7822) and Credit Suisse (800 820-1653). The information and tender agent is Global Bondholder Services Corp. (866 470-3900 or 212 430-3774).

AuRico Gold is a gold producer based in Toronto.

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