New Gold Completes Redemption of 2022 Senior Notes
July 10, 2020- New Gold Inc. (New Gold or the Company) (TSX and NYSE American: NGD) today announces that it has completed the previously announced redemption of its outstanding $400 million 6.25% Senior Notes due 2020.
- July 10, 2020- New Gold Inc. (New Gold or the Company) (TSX and NYSE American: NGD) today announces that it has completed the previously announced redemption of its outstanding $400 million 6.25% Senior Notes due 2020.
- The redemption was funded from the net proceeds of its recent issue of $400 million aggregate principal amount of 7.50% Senior Notes due in 2027 and cash on hand.
- The redemption of our 2022 Senior Notes is another key milestone we have achieved that has significantly enhanced our financial flexibility and strengthened our balance sheet, stated Robert Chasse, Executive Vice President and Chief Financial Officer.
- New Golds vision is to build a leading diversified intermediate gold company based in Canada that is committed to environment and social responsibility.