Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sherritt International Corp. > News item |
Sherritt International plans to sell C$300 million eight-year notes
By Paul A. Harris
Portland, Ore., Sept. 30 – Sherritt International Corp. announced in a Tuesday press release that it plans to sell up to C$300 million of eight-year senior notes.
The deal is coming in the form of a private placement and will be led by joint bookrunners National Bank Financial Inc. and Scotiabank, according to a market source.
Timing has not been announced, but the notes offering should hit the market sooner rather than later, the source added.
The Toronto-based company plans to use the proceeds to redeem its 7¾% senior unsecured debentures due Oct. 15, 2015, which are part of a tender offer that expired Monday.
Sherritt is a miner and refiner of nickel from lateritic ores with projects and operations in Canada, Cuba and Madagascar.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.