New Gold Prices $400 Million Senior Notes Offering-November 2024-www.financetom.com

New Gold Prices $400 Million Senior Notes Offering

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New Gold Prices $400 Million Senior Notes Offering

Mar 4, 2025 3:01 PM

05:31 PM EST, 03/04/2025 (MT Newswires) -- New Gold ( NGD ) said Tuesday it priced a $400 million offering of 6.875% senior notes due 2032, with closing expected March 18.

The company said it plans to use the net proceeds to help fund a tender offer for its 7.50% senior notes due 2027 and the balance to redeem any existing notes remaining.

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