Eldorado Gold Announces Withdrawal of Proposed Offering of Senior Notes
Eldorado Gold Corporation (ELD.TO) announced that due to current market conditions it has decided not to proceed with its planned offering of US$500 million senior unsecured notes, which it had previously announced on November 12, 2012.
"Deteriorating conditions in the debt capital markets led us to conclude that the proposed offering of senior notes would not be in the best interest of shareholders under the terms currently available," stated Paul Wright, Chief Executive Officer. "We had hoped to opportunistically access the debt capital markets to augment our already strong balance sheet, but we will only do so in a disciplined manner."
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