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First Quantum Completes $1 Billion Senior Notes Offering

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First Quantum Completes $1 Billion Senior Notes Offering

First Quantum Minerals ( (TSE:FM) ) has issued an announcement.

First Quantum Minerals Ltd. has successfully completed a $1,000 million senior notes offering, with the notes due in 2033 and carrying an interest rate of 8.000%. The proceeds from this offering will be used to repay a portion of its revolving credit facility, fund a partial tender offer for existing notes due in 2027, and cover transaction-related expenses, which could enhance the company’s financial flexibility and reduce its debt burden.

More about First Quantum Minerals

First Quantum Minerals Ltd. operates in the mining industry, focusing primarily on the production of copper, nickel, and other minerals. The company is known for its global mining operations and is listed on the Toronto Stock Exchange under the symbol TSX: FM.

YTD Price Performance: -11.11%

Average Trading Volume: 195,714

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $9.77B

Learn more about FM stock on TipRanks’ Stock Analysis page.

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