Mr. John Rooney reports
NORTHERN BLIZZARD COMPLETES PARTIAL REDEMPTION OF ITS SENIOR NOTES
Northern Blizzard Resources Inc. has completed the optional redemption of $148.75-million (U.S.) principal amount of its $425-million (U.S.) 7.250-per-cent senior notes due 2022. The notes were redeemed in accordance with their terms at a redemption price of $1,072.50, plus accrued and unpaid interest to (but excluding) the redemption date, per $1,000 principal amount of notes redeemed. The total redemption price for the entire portion of the notes redeemed, including accrued interest, was approximately $160.5-million (U.S.), which was financed with a portion of the net proceeds from Northern Blizzard's recently completed initial public offering.
© 2024 Canjex Publishing Ltd. All rights reserved.