Coeur Mining, Inc. Announces Cash Tender Offer for its Outstanding 5.875% Senior Notes Due 2024
22 Fevereiro 2021 - 10:23AM
Business Wire
Coeur Mining, Inc. (NYSE: CDE) (“Coeur” or the “Company”), today
announced that it has commenced a cash tender offer (the “Tender
Offer”) to purchase any and all of its 5.875% Senior Notes due 2024
(the “Notes”). There are $230,000,000 aggregate principal amount of
Notes outstanding. The Tender Offer is being made on the terms and
subject to the conditions set forth in the Offer to Purchase dated
February 22, 2021 (the “Offer to Purchase”).
The Tender Offer is scheduled to expire at 5:00 p.m., New York
City time, on February 26, 2021, unless extended or earlier
terminated as described in the Offer to Purchase (such time and
date, as they may be extended, the “Expiration Time”).
Tenders of the Notes must be properly made before the Expiration
Time and may be withdrawn at any time before the Expiration Time.
Holders of the Notes who validly tender (and do not validly
withdraw) their Notes at or prior to the Expiration Time, or who
deliver to the depositary and information agent a properly
completed and duly executed Notice of Guaranteed Delivery in
accordance with the instructions described in the Offer to
Purchase, will receive in cash $1,029.38 per $1,000 principal
amount of Notes validly tendered and accepted by the Company for
purchase in the Tender Offer. Holders will also receive accrued and
unpaid interest on the Notes validly tendered and accepted for
purchase from the December 1, 2020 interest payment date up to, but
not including, the date on which the Company makes payment for such
Notes, which date is anticipated to be March 1, 2021.
Tendered Notes may be withdrawn at any time prior to the
Expiration Time. The Tender Offer is subject to the satisfaction or
waiver of a number of conditions as set forth in the Offer to
Purchase, including the receipt by the Company of proceeds from a
proposed debt financing on terms reasonably satisfactory to the
Company generating net proceeds, together with cash on hand, if
needed, in an amount sufficient to effect the repurchase of all the
Notes validly tendered and accepted for purchase pursuant to the
Tender Offer. The Company may amend, extend or terminate the Tender
Offer in its sole discretion and subject to applicable law.
The Company intends to deliver a notice of redemption in order
to redeem any Notes outstanding following the consummation of the
Tender Offer.
Goldman Sachs & Co. LLC is acting as the dealer manager for
the Tender Offer. The information agent and tender agent is D.F.
King & Co., Inc. Copies of the Offer to Purchase, the Notice of
Guaranteed Delivery and related tender offering materials are
available at www.dfking.com/cde or by contacting D.F. King &
Co., Inc. at (800) 859-8509 (toll free) or (212) 269-5550 (collect)
or by email at cde@dfking.com. Questions regarding the Tender Offer
should be directed to Goldman Sachs & Co. LLC at (800)
828-3182.
None of the Company, the dealer manager, the information agent
and tender agent, or the trustee for the Notes, or any of their
respective affiliates, is making any recommendation as to whether
holders of the Notes should tender any Notes in response to the
Tender Offer. Holders of the Notes must make their own decision as
to whether to tender any of their Notes and, if so, the principal
amount of Notes to tender. This announcement is for informational
purposes only and does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offering, solicitation or sale would be unlawful. The
Tender Offer is being made solely by means of the Offer to
Purchase. In those jurisdictions where the securities, blue sky or
other laws require any tender offer to be made by a licensed broker
or dealer, the Tender Offer will be deemed to be made on behalf of
the Company by the dealer manager or one or more registered brokers
or dealers licensed under the laws of such jurisdiction.
About Coeur
Coeur Mining, Inc. is a U.S.-based, well-diversified, growing
precious metals producer with five wholly-owned operations: the
Palmarejo gold-silver complex in Mexico, the Rochester silver-gold
mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold
mine in South Dakota, and the Silvertip silver-zinc-lead mine in
British Columbia. In addition, the Company has interests in several
precious metals exploration projects throughout North America.
Note Regarding Forward-Looking Statements
The statements contained in this release that are not purely
historical are forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended,
including without limitation, statements regarding the Company’s
intentions, expectations or beliefs regarding the Tender Offer. The
Company’s current expectations and beliefs are expressed in good
faith and the Company believes there is a reasonable basis for
them. There can be no assurance, however, that future developments
affecting the Company will be those that the Company has
anticipated. These forward-looking statements involve a number of
risks, uncertainties (some of which are beyond the Company’s
control) or other assumptions that may cause actual results to be
materially different from those expressed or implied by such
forward-looking statements. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210222005509/en/
For Additional Information Coeur Mining, Inc. 104 S.
Michigan Avenue, Suite 900 Chicago, Illinois 60603 Attention: Paul
DePartout, Director, Investor Relations Phone: (312) 489-5800
Coeur Mining (NYSE:CDE)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Coeur Mining (NYSE:CDE)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024