Business

Kinross Announces US $ 1 Billion Term Loan, The Canadian Business Journal

Toronto, March 7, 2022 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX: K; NYSE: KGC) (“Kinross”) today announced that it has arranged a new US $ 1 billion term loan. The three-year term loan matures on March 7, 2025, has no compulsory depreciation payments, and has a flexible repayment schedule.

Kinross used the proceeds from the funding to repay the amount withdrawn under the US $ 1.5 billion revolving credit line in connection with the completion of the acquisition of Great Bear Resources Ltd. ..

About Kinross Gold Corporation

Kinross is a Canada-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile, Ghana and Canada. Our focus is on providing value based on operational excellence, balance sheet strength, disciplined growth and the core principles of responsible mining. Kinros is listed on the Toronto Stock Exchange (Symbol: K) and the New York Stock Exchange (Symbol: KGC).

Media contacts
Luis Diaz
Vice President of Corporate Communications
Phone number: 416-369-6469
louie.diaz@kinross.com

Investor Publicist
Chris Lichtenhelt
Vice President, Investor Public Relations
Phone number: 416-365-2761
chris.lichtenheldt@kinross.com


CBJ News Maker

Kinross Announces US $ 1 Billion Term Loan, The Canadian Business Journal

Source link Kinross Announces US $ 1 Billion Term Loan, The Canadian Business Journal

Related Articles

Back to top button