TSXV:ARTGMetals and Mining
Artemis Gold (TSXV:ARTG) Is Up 5.5% After Securing $450M In Fixed-Rate Notes - What's Changed
Artemis Gold has completed a private placement of $450,000,000 in 5.625% senior unsecured notes due 2031, using the proceeds along with cash on hand to fully repay its revolving credit facility, with BMO Capital Markets and RBC Capital Markets leading the offering.
The heavily subscribed bond issue, rated B+ by S&P and BB- by Fitch, replaces variable-rate bank debt with long-term fixed-rate funding, potentially giving Artemis Gold more predictable financing costs as it advances its...