B2Gold prices offering of convertible senior notes at $400 million with additional $60 million option.

From GlobeNewswire: 2025-01-23 21:34:24

B2Gold Corp. has priced its offering of convertible senior unsecured notes due 2030 at $400 million, with an option for an additional $60 million. The notes will bear interest at a rate of 2.75% per annum and have an initial conversion rate of 315.2088 common shares per $1,000 principal amount. The offering is expected to close on January 28, 2025, and the proceeds will be used for working capital and general corporate purposes. B2Gold also entered into a total return swap for approximately $50 million of shares with one of the initial purchasers of the notes.

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