Artemis Gold Announces Pricing of $450 Million, 5-Year Senior Unsecured Notes to Refinance Revolving Credit Facility

Executive Summary

• Artemis Gold announced the pricing of a $450 million private‑placement of 5‑year senior unsecured notes (5.625% interest, two‑year non‑call period).
• The offering was heavily oversubscribed (~$1.6 billion order book, >3.5×) and is expected to close around February 3, 2026.
• Net proceeds will be used to refinance the company’s $450 million revolving credit facility and cover bond‑issuance expenses, reducing variable‑rate exposure.

Key Details

• Notes Terms: $450 M aggregate principal, 5.625% per annum, due 2031, two‑year non‑call period, issued at par under a trust indenture.
• Pricing & Demand: Pricing announced; order book ≈$1.6 B (oversubscription >3.5×).
• Closing Date: Expected on or about February 3, 2026, subject to customary conditions.
• Use of Proceeds: Refinance the full $450 M outstanding under the revolving credit facility; pay bond‑issuance related transaction expenses.
• Underwriters / Bookrunners: BMO Capital Markets & RBC Capital Markets (joint active bookrunners); National Bank Capital Markets (joint passive bookrunner).
• Ratings: S&P – B+; Fitch – BB‑, reflecting the strength of the Blackwater asset and Artemis’ credit profile.
• Distribution: Private placement in all Canadian provinces and the United States under applicable prospectus exemptions; not a public offering.

Notable Quotes

(No direct CEO/President quotes were included in the release.)