Kinross to redeem $500 million in Senior Notes on June 1, 2021
April 29 2021 - 7:30AM
Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced
today it will redeem all of the outstanding 5.125% Senior Notes due
September 1, 2021 (the “Notes”), which have an aggregate principal
amount of $500 million, on June 1, 2021 (the “Redemption Date”).
The Notes will be redeemed at a redemption price
equal to the principal amount of the outstanding Notes plus accrued
and unpaid interest to, but not including, the Redemption Date, in
accordance with the terms of the Notes. Interest on the Notes will
cease to accrue from and after the Redemption Date.
After the Notes are redeemed, $1,250 million in
aggregate principal amount of Kinross Senior Notes will remain
outstanding, with the next maturity date on March 15, 2024 for $500
million in aggregate principal amount.
Questions regarding the redemption of the Notes
issued by Kinross should be directed to Wells Fargo Bank, N.A. at
Wells Fargo, CTSO Mail Operations, 600 S 4th Street, 7th floor,
Minneapolis MN 55415, or at 1-800-344-5128.
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 and Ghana. 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 ContactTom ElliottSenior
Vice-President, Investor Relationsphone:
416-365-3390tom.elliott@kinross.com
Source: Kinross Gold Corporation
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