B2Gold Announces Pricing of Upsized Offering of Convertible Senior Notes
BY GlobeNewswire | CORPORATE | 01/23/25 09:34 PM ESTVANCOUVER, British Columbia, Jan. 23, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp.
(?B2Gold? or the ?Company?) announces that it has priced its previously announced offering of convertible senior unsecured notes due 2030 (the ?Notes?) in an aggregate principal amount of US$400 million (the ?Offering?). The Company has granted the initial purchasers of the Notes an option for a period of 15 days to purchase up to an additional US$60 million aggregate principal amount of Notes.
The Notes will bear cash interest semi-annually at a rate of 2.75% per annum. The initial conversion rate for the Notes will be 315.2088 common shares of B2Gold
B2Gold
The Offering is expected to close, subject to customary closing conditions, on or about January 28, 2025.
The Company intends to use the net proceeds from the Offering to fund working capital requirements and for general corporate purposes. In order to reduce interest expense, the Company will initially apply the net proceeds to pay down the outstanding balance under the Company?s revolving credit facility (the ?Revolving Credit Facility?) and then subsequently use future draws on the Revolving Credit Facility to fund such working capital requirements and for general corporate purposes.
In connection with the Offering, B2Gold
The Notes and the Shares issuable upon the conversion thereof have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the ?Securities Act?), or qualified by a prospectus in Canada. The Notes and the Shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. The Notes will be offered only to ?qualified institutional buyers? (as defined in Rule 144A under the Securities Act). Offers and sales in Canada will be made only pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws.
This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
About B2Gold
B2Gold
ON BEHALF OF B2GOLD CORP.
?Clive T. Johnson?????????????????????????????????????????
President and Chief Executive Officer? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
Source: B2Gold Corp.? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
This news release contains forward-looking statements which constitute ?forward-looking information? within the meaning of applicable Canadian securities legislation and ?forward-looking statements? within the meaning of the ?safe harbor? provisions of the Private Securities Litigation Reform Act of 1995 (collectively, ?Forward-looking Statements?). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release include, without limitation, statements relating to the Offering, the option to purchase additional Notes, if any, the terms of the Notes, the anticipated timing for closing of the Offering, the anticipated use of proceeds and certain statements related to the total return swap. These Forward-looking Statements are based on certain assumptions that B2Gold
Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of B2Gold
B2Gold?s forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. B2Gold?s forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. B2Gold
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Investor Relations: Michael McDonald?????? VP, Investor Relations & Corporate Development +1 604-681-8371?????????? investor@b2gold.com? Cherry DeGeer Director, Corporate Communications +1 604-681-8371 investor@b2gold.com
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Source: B2Gold Corp.