Kinross announces US$1.0 billion term loan
07 März 2022 - 11:00PM
Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced
today that it has arranged a new US$1.0 billion term loan. The
three-year term loan will mature on March 7, 2025, has no mandatory
amortization payments, and has a flexible repayment schedule.
Kinross used the proceeds of the financing to
repay amounts drawn under its US$1.5 billion revolving credit
facility in connection with the closing of its acquisition of Great
Bear Resources Ltd. Joint Lead Arrangers were The Bank of Nova
Scotia, HSBC Bank Canada and RBC Capital Markets.
About Kinross Gold Corporation
Kinross is a Canadian-based senior gold mining
company with mines and projects in the United States, Brazil,
Russia, Mauritania, Chile, Ghana and Canada. Our focus is on
delivering value based on the core principles of operational
excellence, balance sheet strength, disciplined growth and
responsible mining. Kinross maintains listings on the Toronto Stock
Exchange (symbol:K) and the New York Stock Exchange
(symbol:KGC).
Media Contact Louie DiazVice-President,
Corporate Communicationsphone:
416-369-6469louie.diaz@kinross.com
Investor Relations ContactChris
LichtenheldtVice-President, Investor Relations phone:
416-365-2761chris.lichtenheldt@kinross.com
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