Kinross Gold (KGC -1.4%) arranges a new $1B three-year term loan with no mandatory amortization...

|About: Kinross Gold Corporation (KGC)|By:, SA News Editor

Kinross Gold (KGC -1.4%) arranges a new $1B three-year term loan with no mandatory amortization payments, and amends its unsecured revolving credit facility to increase available credit to $1.5B from $1.2B and extend the term by two and a half years. KGC intends to use the proceeds for general corporate purposes.