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New Gold Completes US$300 Million Senior Notes Offering

Published: 05/18/2017

Team: Andre Boivin, Xi Chen, Charles Newman, Lauren Grossman, Christopher B. Norton, Tera Li

On May 18, 2017, New Gold Inc., a gold mining company listed on the Toronto Stock Exchange and the NYSE MKT, announced that it has completed an 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, together with cash on hand, to fund the redemption of its outstanding US$300 million 7.00% Senior Notes due 2020.

Cassels Brock acted as Canadian legal counsel for New Gold with a team composed of André Boivin and Xi Chen (Business and Mining), Charles Newman and Lauren Grossman (Financial Services) and Chris Norton and Terra Li (Tax).