B2Gold Stock Falls on issuance of convertible notes
Published 13 days ago • 2 min read
Mining Stock Monkey VIP Bulletin #50 January 23, 2025 B2Gold announced they're going to issue $350M (+$52.5M option) in convertible notes due in 2030. The company said that they'll be using the proceeds to pay off their higher-interest revolver, which will lower their interest expense. Assuming the additional option is exercised, they should be able to pay back the full $400M outstanding on their revolving credit facility. We don't yet know the interest rate nor the conversion price, so I...
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