Ms. Anne Day reports
AURICO GOLD ANNOUNCES LAUNCH OF $300 MILLION SENIOR NOTES OFFERING
AuRico Gold Inc. intends to offer $300-million aggregate principal
amount of senior notes due 2022. The interest rate and
other terms of the notes will be determined based on prevailing market
conditions. AuRico intends to use the net proceeds of the notes to
repurchase its convertible notes due in 2016 that are tendered to AuRico's offer announced today to purchase any and
all of its convertible notes, 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 notes will be offered and sold in the United States only to
qualified institutional buyers in accordance with Rule 144A under the
United States Securities Act of 1933, as amended, and outside the United States in reliance on Regulation S under
the Securities Act. The notes will be offered and sold in Canada on a
private placement basis pursuant to certain prospectus exemptions.
We seek Safe Harbor.
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