New Gold Announces Tender Offer for its 7.50% Senior Notes due 2027

Core Viewpoint - New Gold Inc. has initiated a cash tender offer to purchase all outstanding senior notes, aiming to optimize its capital structure and manage debt effectively [1][7]. Group 1: Tender Offer Details - The tender offer is for the 7.50% Senior Notes due 2027, with a principal amount of $400 million and a purchase price of $1,008.00 per $1,000 of notes [2]. - The tender offer will expire on March 13, 2025, at 5:00 p.m. New York City time, unless extended or terminated earlier [4]. - Settlement for accepted notes is expected to occur on March 18, 2025, assuming no extensions or terminations [5]. Group 2: Conditions and Financing - The tender offer is contingent upon the successful completion of a contemporaneous notes offering, which will provide the necessary funds for the tender offer and potential redemption of any notes not tendered [7]. - New Gold plans to redeem any notes not tendered in the offer around July 15, 2025, at a redemption price of 100% of the principal amount plus accrued interest [6]. Group 3: Management and Contact Information - BofA Securities and BMO Capital Markets have been appointed as Dealer Managers for the tender offer, providing assistance and information regarding the terms [8].