First Quantum Minerals Announces Pricing Of $1,600 Million Senior Secured Second Lien Notes Offering
TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) announces that it has successfully completed the pricing of its offering (the “Offering”) of $1,600 million aggregate principal amount of 9.375% senior secured second lien due 2029 (the “Notes”). The issue price of the Notes is 100.000%.
- TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) announces that it has successfully completed the pricing of its offering (the “Offering”) of $1,600 million aggregate principal amount of 9.375% senior secured second lien due 2029 (the “Notes”).
- The Notes will be guaranteed, jointly and severally, on a senior basis by the guarantors (the “Guarantors”) described in the offering memorandum for the Offering (the “Guarantees”).
- The Guarantees will rank equally in right of payment to all existing and future senior debt of the Guarantors.
- The Company intends to apply the net proceeds from the Offering towards the redemption of all of its outstanding senior notes due 2025 and 2026.