Eldorado Gold Announces Launch of US$500 Million Senior Notes Offering
NEWS RELEASE
TSX: ELD NYSE: EGO August 9, 2021
Eldorado Gold Announces Launch of US$500 Million
Senior Notes Offering
VANCOUVER, BC – Eldorado Gold Corporation (“Eldorado”, the “Company” or “We”) is
pleased to announce that the Company intends to offer up to US$500 million aggregate principal
amount of senior notes due 202 9 (the “Notes”), subject to market and other conditions. The
interest rate and other terms of the Notes will be determined based on prevailing market
conditions.
Eldorado intends to use the net proceeds from the sale of the Notes to redeem its outstanding
US$234 million 9.500% Senior Secured Second Lien Notes due June 2024, to repay all amounts
outstanding under its existing term loan facility, to repay all amounts outstanding under its existing
revolving credit facility, to pay fees and expenses in connection with the foregoing, and for general
corporate purposes. Eldorado has obtained the requisite consent of its lenders for the sale of the
Notes under the Third Amended and Restated Credit Agreement dated as of May 13, 2019 among
the Company, as borrower, and HSBC Bank Canada, as administrative agent, among others.
The Notes have not been registered under the United States Securities Act 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 e xemptions from securities laws of British
Columbia. The Notes will be offered and sold outside of the United States (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 qualification under the secu rities laws of any such
jurisdiction or an exemption therefrom. This press release is being issued pursuant to and in
accordance with Rule 135c under the Securities Act.
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, developm ent and exploration
operations in Turkey, Canada, Greece, Romania, 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).
Contacts
Investor Relations
Lisa Wilkinson, VP, Investor Relations
604.757.2237 or 1.888.353.8166
Cautionary Note about Forward-Looking Statements and Information
Certain of the statements made and information provided in this press release are forward-looking statements or information within
the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often,
these forward-looking statements and forward-looking information can be identified by the use of words such as “anticipates”,
“believes”, “continue”, “expects”, “is expected” or “intends” or the negatives 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 contained in this release include, but are not limited to, statements or information with respect to:
the launch of the Notes, the terms of the Notes, the completion of the transactions in connection with the offering of the Notes and the
use of the net proceeds from 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 materially 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, including assumptions
about: the closing of, and net proceeds from, the sale of the Notes; how the world-wide economic and social impact of COVID-19 is
managed and the duration and extent of the COVID-19 pandemic; the geopolitical, economic and legal climate that we operate in; the
repayment of outstanding indebtedness; and anticipated costs and expenses. In particular, except where otherwise stated, we have
assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release. Even
though our management 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 statements or information will prove to be accurate. Many
assumptions may be difficult to predict and are beyond our control.
Furthermore, should one or more 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: the need to negotiate and execute a purchase agreement and
related documents; the need for continued cooperation of the initial purchasers; the need to successfully market the offering; global
outbreaks of infectious diseases, including COVID-19; geopolitical and economic climate (global and local) risks; financing risks; as
well as those risk factors discussed in the sections titled “Forward-looking information and risks” and “Risk factors in our business” in
the Company’s most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk
discussion in our most recent Annual Information Form filed on SEDAR and EDGAR under our Company name, which discussion is
incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect the Company’s business
and operations.
Forward-looking statements and information are designed to help you understand management’s current views of our near and longer
term prospects, and it may not be appropriate for other purposes.
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 the Company’s business
contained in the Company’s reports filed with the securities regulatory authorities in Canada and the U.S.