My Market Wizard

New Gold Inc. /FI 6-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

New Gold Inc.
,

Filing date:

03/14/2025

TLDR:

New Gold Inc. announced the expiration and results of its tender offer for its 7.50% Senior Notes due 2027 and the upcoming closing of its 6.875% Senior Notes due 2032.

ELI5:

New Gold, a mining company, offered to buy back some of its old debt (bonds) and is using money from selling new debt to pay for it.

Accession #:

0001279569-25-000265

Published on

Analyst Summary

  • New Gold’s tender offer for its 7.50% Senior Notes due 2027 expired on March 13, 2025.
  • Approximately $288.843 million (72.21%) of the $400 million principal amount outstanding was tendered.
  • New Gold will use proceeds from the issuance of $400 million of 6.875% Senior Notes due 2032 to pay for the tendered notes.
  • The settlement date for the tendered notes is expected to be March 18, 2025.
  • New Gold intends, but is not obligated, to redeem any Notes that were not tendered in the Tender Offer on or about July 15, 2025, at the then-applicable redemption price of 100.00% of the principal amount, plus accrued and unpaid interest to, but excluding, the redemption date.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️