New Gold Closes $400 Million High Yield Offering

Paul, Weiss represented New Gold Inc. in its high yield offering of $400 million aggregate principal amount of 7.50% senior notes due 2027. New Gold is an intermediate gold mining company with operations and development projects in Canada. BofA Securities, J.P. Morgan, RBC Capital Markets, Scotiabank, CIBC Capital Markets, TD Securities, BMO Capital Markets and National Bank of Canada Financial Markets were the initial purchasers for the offering.

The Paul, Weiss team included corporate partner Christopher Cummings, counsel Christian Kurtz, tax partner David Mayo and environmental counsel William O’Brien.