All monetary amounts are expressed in
U.S. dollars, unless otherwise indicated.
TSX: IMG NYSE: IAG
TORONTO, March 16, 2017 /CNW/ - IAMGOLD
Corporation ("IAMGOLD" or the "Company") today announced that
it has completed its offering of $400
million aggregate principal amount of 7.00% Senior Notes due
in 2025 (the "Notes"). IAMGOLD intends to use the net proceeds of
the Notes, together with existing cash on hand, towards the
redemption of its $489 million of
outstanding 6.75% Senior Notes due in October 2020 (the "Existing Notes") on or about
April 2, 2017.
The Notes have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "Securities
Act"), or the securities laws of any state and may not be offered
or sold in the United States
absent registration under the Securities Act or an applicable
exemption from the registration requirements thereof. The Notes
will be offered and sold in the United
States only to qualified institutional buyers in accordance
with Rule 144A under the Securities Act and outside the United States in reliance on Regulation S
under the Securities Act. The Notes will be offered and sold in
Canada on a private placement
basis pursuant to certain exemptions from applicable Canadian
securities laws.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy the Notes in the United States or any other jurisdiction,
nor shall there be any sale of the Notes in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction or an exemption therefrom. This news release does not
constitute an offer to purchase the Existing Notes. This news
release contains information about pending transactions, and there
can be no assurance that these transactions will be completed.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements. All
statements, other than of historical fact, that address activities,
events or developments that the Company believes, expects or
anticipates will or may occur in the future are forward-looking
statements, including the intended use of proceeds from this
offering to redeem the Existing Notes. They are forward-looking
because they are statements about the future that are based on what
the Company knows and expects today. Forward-looking statements are
generally identifiable by use of the words "may", "will", "should",
"continue", "expect", "anticipate", "outlook", "guidance",
"estimate", "believe", "intend", "plan" or "project" or the
negative of these words or other variations on these words or
comparable terminology. Forward-looking statements are subject to a
number of risks and uncertainties, many of which are beyond the
Company's ability to control or predict, that may cause the actual
results of the Company to differ materially from those discussed in
the forward-looking statements, including, but not limited to risks
discussed in the risk factors section in IAMGOLD's latest annual
information form. Accordingly, readers should not place undue
reliance on forward-looking statements. IAMGOLD disclaims any
intent or obligations to update or revise publicly any
forward-looking statements whether as a result of new information,
estimates or options, future events or results or otherwise, unless
required to do so by law.
About IAMGOLD
IAMGOLD is a mid-tier mining company with four operating gold
mines on three continents. A solid base of strategic assets in
North and South America and
West Africa is complemented by
development and exploration projects and continued assessment of
accretive acquisition opportunities. IAMGOLD is in a strong
financial position with extensive management and operational
expertise.
SOURCE IAMGOLD Corporation