Eldorado Gold Announces Completion of US$300 Million Senior Secured Second Lien Notes Offering and US$450 Million Senior Secured Credit Facility
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NEWS RELEASE
TSX: ELD NYSE: EGO June 5, 2019
Eldorado Gold Announces Completion of US$300 Million Senior Secured Second
Lien Notes Offering and US$450 Million Senior Secured Credit Facility
Vancouver, British Columbia – Eldorado Gold Corporation ("Eldorado", the "Company" or "We") today
announces it has completed its offering of US$300 million aggregate principal amount of 9.5% senior
second lien notes due 2024 (the “Notes”) and its previously announced US$450 million amended and
restated senior secured credit facility (the “Facility”). Eldorado will use the net proceeds from the sale of
the Notes and US$200 million in term loan proceeds drawn under the Facility, together with cash on hand,
to redeem its outstanding US$600 million 6.125% Senior Notes due December 2020, and to pay fees and
expenses in connection with the foregoing, effective June 12, 2019.
The Notes have not been registered under the United States Securities Ac t of 1933, as amended (the
"Securities Act"), or the securities laws of any state and may not be offered or sold absent registration
under the Securities Act or an applicable exemption from the registration requirements thereof. The Notes
will be offered and sold only to persons reasonably believed to be qualified institutional buyers in
accordance with Rule 144A under the Securities Act and to certain “non-U.S. persons” outside the United
States in reliance on Regulation S under the Securities Act and in each case pursuant to available prospectus
exemptions from securities laws of British Columbia. The Notes will be offered and sold outside of the US
(including in Canada) on a private placement basis pursuant to certain exemptions from applicable
securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or q ualification under the securities laws of any such jurisdiction or an exemption
therefrom.
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in
Turkey, Canada, Greece, Romania, Serbia, and Brazil. The Company has a highly skilled and dedicated
workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term
partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange
(TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
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Contacts
Investor Relations
Peter Lekich, Manager Investor Relations
604.687.4018 or 1.888.353.8166 [email protected]
Media
Louise Burgess, Director Communications & Government Relations
604.687.4018 or 1.888.353.8166 [email protected]
Cautionary Note Regarding Forward -Looking Statements
This news release contains forward look ing statements and forward looking information within the meaning of applicable Canadian and U.S.
securities laws. Often, but not always, forward -looking statements and forward -looking information can be identified by the use of words such as
"plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negativ es thereof
or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", " might" or "will" be taken,
occur or be achieved. Forward -looking statements or information herein include, but are not limited to the use of proceeds from the Facility and
the sale of the Notes.
Forward-looking statements and forward -looking information by their nature are based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be ma terially different from
any future results, performance or achievements expressed or implied by such forward -looking statements or information. We have made certain
assumptions about the forward -looking statements and information and even though our manage ment believes that the assumptions made and
the expectations represented by such statements or information are reasonable, there can be no assurance that the forward -looking statement
or information will prove to be accurate. Furthermore, should one or mor e of the risks, uncertainties or other factors materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from those described in forward -looking statements or information.
These risks, uncertainties and other factors include, among others, the following: gold price volatility, discrepancies between actual and estimated
production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory
restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; currency fluctuations; sp eculative nature
of gold exploration; global economic climate; dilution; share price volatility; competition; loss of key employees ; additional funding requirements;
and defective title to mineral claims or property, as well as those factors discussed in the sections entitled “Forward -Looking Statements” and
“Risk Factors” in the Company's Annual Information Form & Form 40 -F dated March 29, 2019.
There can be no assurance that forward -looking statements or information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements
or information contained herein. Except as required by law, we do not expect to update forward -looking statements and information continually
as conditions change and you are referred to the full discussion of th e Company's business contained in the Company's reports filed with the
securities regulatory authorities in Canada and the U.S.