07:15 AM EDT, 03/14/2025 (MT Newswires) -- New Gold ( NGD ) said Friday that holders submitted roughly $288.8 million worth of its 7.5% notes due 2027 by the March 13 deadline.

The company said this amount accounts for just over 72% of the $400 million total, excluding those filed under guaranteed delivery procedures.

All valid submissions are expected to be settled on March 18, including guaranteed deliveries, New Gold ( NGD ) said.

Funds for the purchase will come from the company's new $400 million issue of 6.875% notes maturing in 2032, also closing March 18.

The company's shares were up more than 2% in recent Friday premarket activity.

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