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Eldorado Gold prices US$300M notes offering


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Eldorado Gold prices US$300M notes offering

Eldorado Gold Corp. priced its previously announced offering of US$300 million worth of 9.5% senior secured second-lien notes due in 2024.

The notes will be offered at 98% of par, with settlement date expected by June 5, the company said May 22.

The proceeds, along with a recent US$450 million senior secured credit facility, will be used to redeem the company's outstanding US$600 million of 6.125% senior notes due in December 2020.

Eldorado Gold recently resumed operations at the Kisladag gold mine in Turkey and achieved commercial production at the Lamaque gold mine in Quebec.