Kinross Gold completes US$500 million offering of unsecured notes

Company

BofA Securities

Law Firm / Organization
Shearman & Sterling LLP

Company

Morgan Stanley

Law Firm / Organization
Shearman & Sterling LLP

Company

RBC Capital Markets

Law Firm / Organization
Shearman & Sterling LLP

Company

BMO Capital Markets

Law Firm / Organization
Shearman & Sterling LLP

On July 5, 2023, Kinross Gold Corporation, a global senior gold mining firm, announced the successful completion of its offering of US$500 million aggregate principal amount of 6.250 percent senior notes due 2033. Kinross plans to utilize the net proceeds to redeem all the US$500 million aggregate principal of its outstanding 5.95 percent senior notes due 2024.

Osler, Hoskin & Harcourt LLP advised Kinross Gold Corporation with a team consisting of James Brown, Rosalind Hunter, Michael Sproule (Corporate), Martha Martindale (Financial Services), Patrick Marley and James Chang (Tax).

Shearman & Sterling represented BofA Securities, Morgan Stanley, RBC Capital Markets, BMO Capital Markets, MUFG, Scotiabank and TD Securities, as joint bookrunning managers, and CIBC Capital Markets, HSBC, National Bank of Canada Financial Markets, Citigroup, ING, Standard Chartered Bank, Beacon Securities Limited, Canaccord Genuity and Stifel, as co-managers.

Public/Private Offering
Mining
$ 688,325,000
Closed
05 July 2023