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B2Gold ( (TSE:BTO) ) has shared an update.
B2Gold Corp. has announced a $350 million offering of convertible senior unsecured notes due in 2030, with an option for an additional $52.5 million. The proceeds will be used to manage working capital and pay down existing credit facilities. The notes will bear a fixed interest rate and can be converted into common shares, with the company entering into a cash settled total return swap to manage share exposure. This strategic financial move is expected to optimize B2Gold’s capital structure and could influence the market price of its shares.
More about B2Gold
B2Gold Corp. operates in the mining industry, focusing on gold production and exploration. The company is known for its international portfolio of gold mining projects and aims to maintain a competitive position in the global market.
YTD Price Performance: -6.56%
Average Trading Volume: 14,619,759
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.2B
For a thorough assessment of BTO stock, go to TipRanks’ Stock Analysis page.
