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B2Gold ( (TSE:BTO) ) has issued an announcement.
B2Gold Corp. has announced the pricing of an upsized offering of convertible senior notes, amounting to US$400 million with options for additional purchases. The notes, due 2030, have a conversion rate reflecting a 35% premium over current share prices. The proceeds will initially address the company’s revolving credit facility, aiming to reduce interest expenses, with future uses for general corporate purposes. A total return swap related to the shares was also established, potentially influencing market share prices.
More about B2Gold
B2Gold Corp. is a mining company based in Vancouver, Canada, primarily engaged in gold production. The company is listed on the Toronto Stock Exchange, NYSE American, and Namibia Stock Exchange, focusing on mining operations and gold exploration projects globally.
YTD Price Performance: -6.56%
Average Trading Volume: 14,619,759
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.2B
See more insights into BTO stock on TipRanks’ Stock Analysis page.
