19:57:18 EDT Thu 31 Oct 2024
Enter Symbol
or Name
USA
CA



AuRico Gold Inc
Symbol AUQ
Shares Issued 247,983,891
Close 2014-03-26 C$ 4.55
Market Cap C$ 1,128,326,704
Recent Sedar Documents

AuRico completes $315-million (U.S.) offering of notes

2014-03-27 12:15 ET - News Release

An anonymous director reports

AURICO GOLD ANNOUNCES CLOSING OF $315 MILLION SENIOR SECURED SECOND LIEN NOTES OFFERING; SATISFACTION OF FINANCING CONDITION OF TENDER OFFER FOR CONVERTIBLE NOTES

AuRico Gold Inc. has closed its private offering of $315-million aggregate principal amount of senior secured second-lien notes due 2020. (All amounts are in U.S. dollars, unless otherwise indicated.) The notes were issued with a coupon of 7.75 per cent and sold at 96.524 per cent of par, and are expected to result in net proceeds to the company of approximately $297-million, after deducting the initial purchasers' discounts and estimated offering expenses payable by the company. AuRico intends to use the net proceeds of the notes to repurchase its convertible notes due 2016 that are tendered to AuRico's offer announced March 6, 2014, and which expires at 12 midnight Eastern Time on April 2, 2014, to purchase any and all of its convertible notes, to finance principal and interest payments on any convertible notes that remain outstanding following the offer to purchase, to repay amounts outstanding under its existing senior secured credit facility, and for general corporate purposes, which may include financing capital expenditures to support organic growth.

The closing of the notes offering satisfies the financing condition of the company's tender offer for the convertible notes.

We seek Safe Harbor.

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