Cameco (TSE:CCO) has released an update.
Cameco has launched a $500 million private placement of 4.94% Senior Unsecured Debentures due in 2031, with the aim to pay off its outstanding 4.19% Series G Debentures by June 2024. This financial maneuver is in line with Cameco’s strategy to maintain flexibility and capitalize on the growing demand for carbon-free nuclear energy. The debentures will be offered in Canada, exempt from prospectus requirements, and are not registered in the U.S. or offered to U.S. persons.
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