Iamgold Secures Final Commitments to Its Existing Credit Facility to Total $250 Million
IAMGOLD SECURES FINAL COMMITMENTS TO
ITS EXISTING CREDIT FACILITY TO TOTAL $250 MILLION
All monetary amounts are expressed in US dollars, unless otherwise indicated.
Toronto, Ontario, February 7, 2017 – IAMGOLD Corporation (“IAMGOLD” or the “Company”)
announces that, as of today, the commitments from a syndicate of lenders to its existing revolving credit
facility total $250 million (the “Corporate Facility’). The syndicate, led by National Bank of Canada and
Deutsche Bank, included Citibank, N.A., Canadian Branch, Ressources Québec Inc. and Morgan Stanley
Senior Funding, Inc. With this amendment, the Company’s banking syndicate has been joined by
Canadian financial partners Royal Bank of Canada, The Toronto-Dominion Bank and Export
Development Canada.
“IAMGOLD’s balance sheet is strong, ending 2016 with approximately $750 million in cash, cash
equivalents and restricted cash, which exceeds the $489 million of our bonds that are due in October
2020,” said Carol Banducci, EVP and Chief Financial Officer. “Further bolstering the Company’s liquidity
are today’s additional commitments from the lenders amounting to $80 million, bringing the Corporate
Facility to a total of $250 million.”
About IAMGOLD
IAMGOLD (www.iamgold.com) is a mid-tier mining company with four operating gold mines on three
continents. A solid base of strategic assets in North and South America and West Africa is complemented
by development and exploration projects and continued assessment of accretive acq uisition
opportunities. IAMGOLD is in a strong financial position with extensive management and operational
expertise.
For further information please contact:
Bob Tait, VP Investor Relations
Tel: (416) 360-4743 Mobile: (647) 403-5520
Laura Young, Director Investor Relations
Tel: (416) 933-4952 Mobile: (416) 670-3815
Shae Frosst, Investor Relations Associate, IAMGOLD Corporation
Tel: (416) 933-4738 Mobile: (647) 967-9942
IAMGOLD Corporation Toll-free: 1 888 464-9999 [email protected]
Please note:
This entire news release may be accessed via fax, e -mail, IAMGOLD's website at www.iamgold.com and through CNW Group’s
website at www.newswire.ca. All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.
Si vous désirez obtenir la version française de ce communiqué, veuillez consulter le
http://www.iamgold.com/French/accueil/default.aspx.
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