Toronto, Ontario, June 10, 2013 -
Kinross Gold Corporation (TSX: K; NYSE: KGC) announced today that
it has extended the maturity dates of its $1.5 billion revolving
credit facility and $1.0 billion term loan. The credit facility has
been extended by one year to August 10, 2018 from August 10, 2017,
and the term loan has been extended by two years to August 10, 2017
from August 10, 2015.
The term loan has no mandatory amortization payments. With these
extensions having been completed, Kinross has no debt maturities
prior to 2016, and only regular principal amortization payments on
the remaining $170 million balance of the Kupol term loan. 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 9,000 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
Tom Elliott
Vice-President, Investor
Relations
phone: 416-365-3390
tom.elliott@kinross.com