New Gold completes US $300M senior note offering

pcNewsWireNew Gold Inc. (TSX/NYSE MKT: NGD) has closed previously announced offering of US $300 million aggregate principal amount of 6.375% Senior Notes due 2025.

New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the redemption of its outstanding $300 million 7.00% Senior Notes due 2020 on or about June 3, 2017.