Timing is everything for Eldorado Gold (EGO -0.7%) as it raises $600M via an offering of senior...

|About: Eldorado Gold Corporation (EGO)|By:, SA News Editor
Timing is everything for Eldorado Gold (EGO -0.7%) as it raises $600M via an offering of senior notes, less than a month after it withdrew a similar offering due to "deteriorating conditions" in debt markets. EGO intends to fund mine development and repay revolving credit; between the two dates, the only corporate development was a rise in its revolving credit facility to $375M from $280M.