First Quantum Minerals announces cash tender offer to purchase senior notes

First Quantum Minerals (FQVLF) commenced an offer to purchase for cash any and all of its outstanding 6.875% Senior Notes due 2027 from holders of the Notes as further described in the offer to purchase dated the date hereof and the related Notice of Guaranteed Delivery. The Tender Offer will expire at 5:00 pm, New York City time, on August 12, 2025. The consideration for each $1,000 principal amount of Notes tendered prior to the Expiration Date and accepted for purchase pursuant to the Tender Offer shall be the “Notes Consideration” and will be calculated by the Dealer Managers as set forth in the table below in a manner described in the Offer to Purchase by reference to the fixed spread specified below plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified below as quoted on the Bloomberg Bond Trader FIT3 series of pages at 2:00 p.m., New York City time, on the date referred to in the Offer to Purchase as the “Price Determination Date.” In addition, Holders who validly tender and do not validly withdraw their Notes in the Tender Offer will be paid a cash amount equal to accrued and unpaid interest from the last interest payment date up to, but not including, the Settlement Date. For the avoidance of doubt, any Notes accepted for purchase pursuant to the Offer will cease to accrue interest on and after the Settlement Date.