Osisko Gold Completes US$600 Million Aggregate Principal Amount of 9.250% Senior Secured Notes Offering
Osisko Gold completed a US$600 million offering of 9.250% senior secured notes due October 2031, raising net proceeds of approximately US$578.0 million. Roughly US$120.8 million retired the Appian project finance facility, with the balance funding an interest reserve account and a disbursement account to advance the Cariboo Gold Project.
Key figures
- Deal Value Usd
- 600000000
- Coupon
- 9.250%
- Maturity
- 2031-10-01
- Purchase price
- 98.25% of principal
- Net proceeds usd
- 578000000
- Non callable years
- 2
- Appian repayment usd
- 120800000
AI analysis
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