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B2Gold ( (TSE:BTO) ) just unveiled an update.
B2Gold Corp. completed an upsized offering of convertible senior unsecured notes, raising US$460 million, including an additional US$60 million through an option purchase. The company plans to utilize the funds to manage its working capital and general corporate purposes, initially paying off its revolving credit facility to reduce interest expenses. Additionally, B2Gold entered into a cash settled total return swap for US$50 million of its shares to maintain economic exposure, impacting the market price of its shares and notes.
More about B2Gold
B2Gold Corp. operates in the mining industry, focusing on the exploration and production of gold. It is a publicly-traded company listed on the Toronto Stock Exchange, NYSE American, and Namibian Stock Exchange.
YTD Price Performance: -11.20%
Average Trading Volume: 17,065,907
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.15B
See more data about BTO stock on TipRanks’ Stock Analysis page.
