All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.
TSX: IMG NYSE: IAG
TORONTO, March 16, 2017 /CNW/ - IAMGOLD Corporation
("IAMGOLD" or the "Company") today announced that it has completed its offering of $400 million
aggregate principal amount of 7.00% Senior Notes due in 2025 (the "Notes"). IAMGOLD intends to use the net proceeds of the Notes,
together with existing cash on hand, towards the redemption of its $489 million of outstanding
6.75% Senior Notes due in October 2020 (the "Existing Notes") on or about April 2, 2017.
The Notes have not been and will not be 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 in the United States
absent registration under the Securities Act or an applicable exemption from the registration requirements thereof. The Notes
will be offered and sold in the United States only to qualified institutional buyers in
accordance with Rule 144A under the Securities Act and outside the United States in reliance on
Regulation S under the Securities Act. The Notes will be offered and sold in Canada on a private
placement basis pursuant to certain exemptions from applicable Canadian securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the Notes in the United States or any other jurisdiction, nor shall there be any sale of the Notes in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any
such jurisdiction or an exemption therefrom. This news release does not constitute an offer to purchase the Existing Notes. This
news release contains information about pending transactions, and there can be no assurance that these transactions will be
completed.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements. All statements, other than of historical fact, that address
activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are
forward-looking statements, including the intended use of proceeds from this offering to redeem the Existing Notes. They are
forward-looking because they are statements about the future that are based on what the Company knows and expects today.
Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect",
"anticipate", "outlook", "guidance", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other
variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the
Company to differ materially from those discussed in the forward-looking statements, including, but not limited to risks
discussed in the risk factors section in IAMGOLD's latest annual information form. Accordingly, readers should not place undue
reliance on forward-looking statements. IAMGOLD disclaims any intent or obligations to update or revise publicly any
forward-looking statements whether as a result of new information, estimates or options, future events or results or otherwise,
unless required to do so by law.
About IAMGOLD
IAMGOLD 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 acquisition opportunities. IAMGOLD is in a strong
financial position with extensive management and operational expertise.
SOURCE IAMGOLD Corporation
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