Toronto, Ontario, August 17,
2012 - Kinross Gold Corporation (TSX: K; NYSE: KGC)
announced today that it has arranged a new US$1.0 billion term
loan. The three-year term loan will mature on August 10, 2015, and
has no mandatory amortization payments.
Kinross also announced today that it
has amended its unsecured revolving credit facility. The changes to
the facility include an increase of available credit to US$1.5
billion from US$1.2 billion, and an extension of the term to August
10, 2017 from March 31, 2015. The overall improvement in the terms
and conditions reflect the Company's investment grade ratings,
which were obtained after Kinross last refinanced the revolving
credit facility on March 31, 2011.
Kinross intends to use the proceeds
of the financings for general corporate purposes. Joint lead
arrangers were The Bank of Nova Scotia, Merrill Lynch, Pierce,
Fenner & Smith Incorporated and RBC Capital Markets.
About Kinross Gold
Corporation
Kinross is a Canadian-based gold
mining company with mines and projects in Brazil, Canada, Chile,
Ecuador, Ghana, Mauritania, Russia and United States, employing
approximately 8,000 people worldwide.
Kinross maintains listings on the
Toronto Stock Exchange (symbol:K) and the New York Stock Exchange
(symbol:KGC).
Media
Contact
Steve Mitchell
Vice-President, Corporate
Communications
phone: 416-365-2726
steve.mitchell@kinross.com
Investor Relations
Contact
Erwyn Naidoo
Vice-President, Investor
Relations
phone: 416-365-2744
erwyn.naidoo@kinross.com