Kinross Gold Corporation arranged a new $1 billion term loan. The three-year term loan will mature on March 7, 2025; has no mandatory amortization payments; and has a flexible repayment schedule.
Kinross used the proceeds of the financing to repay amounts drawn under its $1.5 billion revolving credit facility in connection with the closing of its acquisition of Great Bear Resources Ltd. The Bank of Nova Scotia, HSBC Bank Canada and RBC Capital Markets were the joint lead arrangers of the facility.
