Yamana Announces Pricing of US$500 Million of 10-Year Unsecured Senior Notes
June 25 2014 - 3:06PM
Marketwired
Yamana Announces Pricing of US$500 Million of 10-Year Unsecured
Senior Notes
TORONTO, ONTARIO--(Marketwired - Jun 25, 2014) - YAMANA GOLD
INC. (TSX:YRI)(NYSE:AUY) today announced that it has priced an
offering of US$500 million aggregate principal amount of its 4.95%
Senior Notes due July 15, 2024. The notes will be unsecured, senior
obligations of Yamana and will be unconditionally guaranteed by
certain of Yamana's subsidiaries that are also guarantors under
Yamana's unsecured senior credit facility. The offering is expected
to close on June 30, 2014. Yamana intends to use the net proceeds
from the offering to repay in full its US$500 million unsecured
senior term loan due June 2016. The proceeds of the term loan had
been used to partly fund Yamana's joint acquisition of Osisko
Mining Corporation.
The Senior Notes and the related guarantees have not been
registered under the U.S. Securities Act of 1933 and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the U.S.
Securities Act of 1933. Offers and sales in Canada will be made
only pursuant to exemptions from the prospectus requirements of
applicable Canadian provincial or territorial securities laws. This
news release does not constitute an offer to sell or the
solicitation of an offer to buy any security in the United States
or in any other jurisdiction.
About Yamana
Yamana is a Canadian-based gold producer with significant gold
production, gold development stage properties, exploration
properties, and land positions throughout the Americas including
Brazil, Argentina, Chile, Mexico and Canada. Yamana plans to
continue to build on this base through existing operating mine
expansions, throughput increases, development of new mines, the
advancement of its exploration properties and by targeting other
gold consolidation opportunities with a primary focus in the
Americas.
Yamana Gold Inc.Lisa DoddridgeVice President, Corporate
Communicationsand Investor Relations416-815-0220,
1-888-809-0925investor@yamana.com
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