Artemis Gold Closes $450 Million, 5-Year Senior Unsecured Notes Offering

Executive Summary

• Artemis Gold Inc. closed a $450 million private placement of 5.625% senior unsecured notes due 2031.
• Net proceeds will be used, together with existing cash, to fully repay the company’s revolving credit facility.
• Issuance fees totaled approximately $7.4 million; the notes were issued at par and are direct senior unsecured obligations of the company.

Key Details

• Offering Size: $450 million aggregate principal amount.
• Interest Rate / Maturity: 5.625% senior unsecured notes due 2031.
• Pricing: Issued at par (100%).
• Use of Proceeds: Repay in full the balance of Artemis Gold’s revolving credit facility, supplemented by cash on hand.
• Bookrunners: BMO Capital Markets and RBC Capital Markets (joint active); National Bank Capital Markets (joint passive).
• Fees: Approximately $7.4 million in issuance fees.
• Placement Scope: Private placement offered in Canada and the United States; not qualified for public distribution.
• Trust Indenture: Notes issued under a trust indenture, ranking equal with all other present and future senior unsecured indebtedness of Artemis Gold.

Notable Quotes

(No direct quotes were provided in the release.)