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Cameco resets debt maturity profile, shares up

Oct 19, 2020

Source: https://www.mining.com/cameco-resets-debt-maturity-profile-shares-up/

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Cameco to restart Cigar Lake in September

Cameco’s Cigar Lake mine in northern Saskatchewan is the world’s highest-grade uranium mine. Image by Cameco.

Canadian uranium miner Cameco (TSX: CCO; NYSE: CCJ) said it intends to take advantage of currently favorable debt capital markets to reset the maturity profile of its long-term debt.

The company has priced a private placement of senior unsecured debentures consisting of $400 million principal amount of 2.95% senior unsecured debentures, Series H, maturing on October 21, 2027.

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Cameco’s Cigar Lake mine in northern Saskatchewan is the world’s highest-grade uranium mine. Image by Cameco.

Canadian uranium miner Cameco (TSX: CCO; NYSE: CCJ) said it intends to take advantage of currently favorable debt capital markets to reset the maturity profile of its long-term debt.

The company has priced a private placement of senior unsecured debentures consisting of $400 million principal amount of 2.95% senior unsecured debentures, Series H, maturing on October 21, 2027.

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