On June 24, 2020, New Gold Inc. completed an offering of US$400 million aggregate principal amount of 7.50% Senior Notes due 2027. New Gold intends to use the net proceeds from the offering, together with cash on hand, to fund the redemption of its outstanding 6.25% Senior Notes due 2022 on or about July 10, 2020.
Cassels acted for New Gold with a deal team that included Lindsay Clements and Jasmine Qin (Securities and Mining) and Chris Norton (Tax).