Kinross Gold closes US $500M senior debt offering

pcNewsWireKinross Gold Corporation (TSX: K; NYSE: KGC) has closed its previously announced offering of debt securities, consisting of US$500 million principal amount of its 4.50% Senior Notes due 2027.

Kinross intends to use the net proceeds, along with available cash on hand, to repay its term loan, which is due August 2020.

News Release

Kinross completes US$500 million unsecured debt offering

Toronto, Ontario, July 6, 2017 – Kinross Gold Corporation (TSX: K; NYSE: KGC) (“Kinross”) announced today that it has closed its previously-announced offering of debt securities, consisting of US$500 million principal amount of its 4.50% Senior Notes due 2027. The notes are unsecured, senior obligations of Kinross and are wholly and unconditionally guaranteed by certain of Kinross’ wholly-owned subsidiaries that are also guarantors under Kinross’ senior unsecured credit agreement. Kinross intends to use the net proceeds, along with available cash on hand, to repay its term loan, which is due August 2020.

The offering was made to “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933 (the “Act”) and outside the United States pursuant to Regulation S under the Act. The notes have not been and will not be registered under the Act and the notes may not be offered or sold in the United States absent registration under the Act or the availability of an applicable exemption from registration requirements. 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.

About Kinross Gold Corporation

Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Media Contact
Louie Diaz
Director, Corporate Communications
phone: 416-369-6469
louie.diaz@kinross.com

Investor Relations Contact
Tom Elliott
Senior Vice-President, Investor Relations and Corporate Development
phone: 416-365-3390
tom.elliott@kinross.com