Core Points - New Gold Inc. announced the expiration of its tender offer for the 7.50% Senior Notes due 2027, which took place on March 13, 2025 [1][4] - The company received valid tenders amounting to $288,843,000, representing 72.21% of the outstanding $400 million of the Notes [3][2] - New Gold plans to use proceeds from a new issuance of $400 million in 6.875% Senior Notes due 2032 to fund the payment for the tendered Notes [5] Tender Offer Details - The tender offer commenced on March 4, 2025, and expired on March 13, 2025, at 5:00 p.m. New York City Time [1] - The settlement date for the accepted Notes is expected to be March 18, 2025 [4] - The tendered principal amount excludes $12,000 of the Notes tendered under guaranteed delivery procedures [3] Future Plans - New Gold intends 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 [5] - The company has retained BofA Securities and BMO Capital Markets as Dealer Managers for the tender offer [7] 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 [9]

Core Points - New Gold Inc. announced the pricing of a $400 million offering of 6.875% Senior Notes due 2032, expected to close around March 18, 2025 [1] - The proceeds from the offering will be used to purchase outstanding 7.50% senior notes due 2027 and cover related fees and expenses [1] - Any remaining proceeds will be used to redeem any Existing Notes not tendered in the Tender Offer at 100% of the principal amount on or about July 15, 2025 [1] Offering Details - The company has commenced a Tender Offer to purchase any and all of the Existing Notes, contingent upon the successful completion of the Notes offering [2] - The offering of the Notes is not conditional upon a minimum principal amount of Existing Notes being tendered [2] - The Notes will be sold only to qualified institutional buyers and non-U.S. persons outside the United States [3] Regulatory Information - The offer and sale of the Notes will not be registered under the Securities Act, and they may not be offered or sold in the U.S. without registration or an exemption [4] - This announcement does not constitute an offer to sell or solicit offers to buy the Notes or Existing Notes [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, committed to environmental and social responsibility [5]