All monetary amounts are expressed in US
dollars, unless otherwise indicated.
TORONTO, Feb. 7, 2017 /CNW/ - IAMGOLD Corporation
("IAMGOLD" or the "Company") announces that, as of today, the
commitments from a syndicate of lenders to its existing revolving
credit facility total $250
million (the "Corporate Facility'). The syndicate, led
by National Bank of Canada and
Deutsche Bank, included Citibank, N.A., Canadian Branch, Ressources
Québec Inc. and Morgan Stanley Senior Funding, Inc. With this
amendment, the Company's banking syndicate has been joined by
Canadian financial partners Royal Bank of Canada, The Toronto-Dominion Bank and Export
Development Canada.
"IAMGOLD's balance sheet is strong, ending 2016 with
approximately $750 million in cash,
cash equivalents and restricted cash, which exceeds the
$489 million of our bonds that are
due in October 2020," said
Carol Banducci, EVP and Chief
Financial Officer. "Further bolstering the Company's liquidity
are today's additional commitments from the lenders amounting to
$80 million, bringing the Corporate
Facility to a total of $250
million."
About IAMGOLD
IAMGOLD (www.iamgold.com) 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.
Please note:
This entire news release may be accessed
via fax, e-mail, IAMGOLD's website at www.iamgold.com and
through CNW Group's website at www.newswire.ca. All material
information on IAMGOLD can be found at www.sedar.com or at
www.sec.gov.
Si vous désirez obtenir la version française de ce communiqué,
veuillez consulter le
http://www.iamgold.com/French/accueil/default.aspx.
SOURCE IAMGOLD Corporation