First Quantum Minerals (FQVLF) is launching an offering of $750 million aggregate principal amount of senior notes. The Notes will be senior unsecured obligations of the Company and will be guaranteed by certain of the Company’s subsidiaries. Interest on the Notes will accrue from the issue date and will be payable semi-annually. The interest rate and offering price of the Notes along with certain other terms will be determined at the time of pricing of the offering, subject to market conditions. The Company intends to apply the gross proceeds from the sale of the Notes, together with cash on balance sheet, to fund the concurrent tender offer for its existing 6.875% senior notes due 2027 and to pay related fees, costs and expenses.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FQVLF:
- First Quantum Minerals announces cash tender offer to purchase senior notes
- Royal Gold acquires gold stream on Kansanshi copper-gold mine
- First Quantum Secures $1 Billion Gold Streaming Deal to Bolster Financial Stability
- First Quantum Minerals price target lowered to C$26 from C$27 at CIBC
- First Quantum Minerals price target raised to C$26 from C$25.80 at Barclays