New Gold ( (TSE:NGD) ) has issued an announcement.
New Gold Inc. has announced a $400 million senior notes offering to fund a tender offer for its outstanding 7.50% senior notes due 2027. The proceeds will be used to purchase existing notes and cover related expenses, with any remaining funds used to redeem outstanding notes. This financial maneuver is part of New Gold’s strategy to manage its debt obligations and strengthen its financial position, potentially impacting its market standing and providing reassurance to stakeholders.
More about New Gold
New Gold is a Canadian-focused intermediate mining company with two core producing assets in Canada: the Rainy River gold mine and the New Afton copper-gold mine. The company aims to build a leading diversified intermediate gold company in Canada, committed to environmental and social responsibility.
YTD Price Performance: 3.82%
Average Trading Volume: 11,254,338
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.15B
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