All monetary amounts are expressed in U.S.
dollars, unless otherwise indicated.
TSX: IMG NYSE:
IAG
TORONTO, March 3, 2017 /PRNewswire/ - IAMGOLD
Corporation ("IAMGOLD" or the "Company") today announced that
it has commenced an offering of $500
million aggregate principal amount of senior notes due 2025
(the "Notes"). IAMGOLD intends to use the net proceeds from the
offering of the Notes, together with cash on hand, to fund the
redemption of its outstanding 6.75% Senior Notes due 2020 (the
"Existing Notes").
Pursuant to the terms of the indenture governing the Existing
Notes, IAMGOLD will issue a conditional notice of redemption to
redeem all of the outstanding Existing Notes, which redemption will
be conditional upon the successful completion of the offering of
the Notes.
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 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, nor shall there be any sale of
these securities 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 completion and timing of this offering
and 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, the
need to successfully market the offering of Notes, conditions in
financial markets and 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.
Please note:
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