TORONTO – Yamana Gold has priced an offering of US$500 million, 10-year unsecured senior notes at 4.95%. The offering is expected to close on July 30, 2014, and the notes are due July 15, 2024.
Yamana intends to use the net proceeds of the offer to repay in full its US$500 million unsecured loan due in June 2016. The company used the term loan to partly fund its joint acquisition of Osisko Mining Corp., owner of the Canadian Malartic gold mine.
The new Canadian Malartic mine website is live at CanadianMalartic.com or visit Yamana.com.