Northern Star Resources Limited (ASX: NST) has closed the previously announced offering of US$600 million of senior guaranteed notes due in April 2033.
The notes were issued by Northern Star in an offering to persons in the United States reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended, and to certain persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.
The notes will be guaranteed by certain wholly owned subsidiaries of Northern Star.
The cash proceeds from the offering will be used for general corporate purposes, including capital expenditures. Such capital expenditures may include the KCGM Expansion Project if and when a final investment decision approving the project is made.
