Osisko Gold Prices Upsized US$600M 9.25% Senior Secured Notes Offering
OGG sits 23% above its 52-week low of $2.18.
Summary
Osisko Gold priced a US$600 million senior secured notes offering at 9.25% due 2031, upsized from US$500 million, to refinance its Appian Credit Facility and fund the Cariboo Gold Project.
Key Events · Financing and Capital Events · OGG
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US$600M Notes Offering Priced
Osisko Gold priced US$600 million of 9.250% senior secured notes due 2031 at an issue price of 100.0%, upsized from the previously announced US$500 million.
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Proceeds Refinance Appian Facility
Approximately US$120.9 million of net proceeds will repay and terminate the Appian Credit Facility, with the remainder funding an interest reserve account and the Cariboo Gold Project construction.
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Closing Expected September 30
The offering is expected to close on September 30, 2026, subject to customary closing conditions, with interest payable semi-annually commencing April 1, 2027.
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First-Priority Secured Notes
The notes are fully and unconditionally guaranteed by Barkerville Gold Mines Ltd. and secured by a first-priority lien on substantially all of the company's and guarantors' property.
Analysis · OGG · Energy & Transportation
Osisko Gold has priced a US$600 million senior secured notes offering at 9.25% due 2031, upsized from the originally proposed US$500 million. The proceeds will repay the Appian Credit Facility and fund construction of the Cariboo Gold Project. The 9.25% coupon reflects the company's development-stage risk profile, but the successful upsizing and pricing demonstrate institutional demand for the credit. The offering replaces a more expensive project loan with longer-dated, fixed-rate capital, extending the runway to first gold production.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1052 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OGG was trading at $2.68 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $838.8M. The 52-week trading range was $2.18 to $4.80. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.