i-80 Gold repays USD 92 million Orion debt instruments

Reuters03-16
i-80 Gold repays USD 92 million Orion debt instruments

I-80 Gold completed the mandatory redemption of its 8% secured convertible debentures due 2027 with a total cash payment of USD 73 million. The redemption included USD 65 million of principal and about USD 5.3 million of accrued interest, with about 70% of holders electing to receive accrued interest in shares. The company issued about 8.1 million common shares to debenture holders as part of the interest distribution. I-80 Gold also repaid in full Orion’s Gold Prepay Agreement and convertible loan instruments for a total payout of USD 92 million. An additional 3 million common shares were issued to Orion as part of the early redemption.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. I-80 Gold Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603160910PR_NEWS_USPR_____TO10540) on March 16, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment