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New Gold Announces Launch of $400 Million Senior Notes Offering to Fund Tender Offer for Outstanding 7.50% Senior Notes
NGDNew Gold(NGD) Prnewswire·2025-03-04 13:18

Core Points - New Gold Inc. has announced an offering of $400 million aggregate principal amount of Senior Notes to fund the purchase of its outstanding 7.50% senior notes due 2027 and related expenses [1][2] - The company has also commenced a tender offer to purchase any and all of the Existing Notes, contingent upon the successful completion of the Notes offering [2] - The Notes will be offered only to qualified institutional buyers and non-U.S. persons outside the United States, in accordance with relevant securities regulations [3][4] Company Overview - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the Rainy River gold mine and the New Afton copper-gold mine [5] - The company's vision is to build a leading diversified intermediate gold company in Canada, emphasizing environmental and social responsibility [5]