Coeur Mining, Inc. Announces Upsize and Pricing of New Senior Notes
22 Fevereiro 2021 - 6:35PM
Business Wire
Coeur Mining, Inc. (the “Company” or “Coeur”) (NYSE: CDE) today
announced the upsize and pricing of its offering (the “Offering”)
of U.S. $375,000,000 of 5.125% Senior Notes due 2029 (the “Notes”)
to qualified institutional buyers in the United States pursuant to
Rule 144A and outside the United States pursuant to Regulation S
under the Securities Act of 1933, as amended (the “Securities
Act”). The Offering was upsized from the previously announced
$350,000,000 aggregate principal amount. The coupon of the Notes
will be 5.125% per year from the date of issuance, payable
semi-annually in arrears. The Notes will mature on February 15,
2029. The Offering is expected to close on or about March 1, 2021,
subject to the satisfaction of various customary closing
conditions.
The Notes will be fully and unconditionally guaranteed by
certain of the Company’s subsidiaries. The Company intends to use
the net proceeds from the Offering to pay the purchase price and
tender premium for up to all $230,000,000 aggregate principal
amount of its 5.875% Senior Notes due 2024 (the “2024 Notes”) that
are validly tendered (and not validly withdrawn) by holders and
accepted by the Company in connection with the cash tender offer
that it commenced on February 22, 2021 (the “Concurrent Tender
Offer”), to pay the redemption price to redeem any of the 2024
Notes that are not so tendered in the Concurrent Tender Offer and
to pay the fees and expenses in connection with the Offering, the
Concurrent Tender Offer and any redemption of the 2024 Notes. To
the extent that the Company has excess proceeds from the Offering,
the Company intends to use such excess amounts for general
corporate purposes.
The Company has not registered the Notes under the Securities
Act or any state securities laws and will not register the Notes
under the Securities Act or any state securities laws. The Notes
will be subject to restrictions on transferability and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and applicable state laws.
This news release shall not constitute an offer to sell or a
solicitation of an offer to purchase the Notes or any other
securities, and shall not constitute an offer, solicitation or sale
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful. This news release is being issued
pursuant to and in accordance with Rule 135c under the Securities
Act.
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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements or
information within the meaning of securities legislation in the
United States and Canada, including, among others, (i) Coeur’s
expectations regarding the closing of the Offering and (ii) Coeur’s
intention to use the proceeds of the Offering to repurchase the
2024 Notes that are validly tendered (and not validly withdrawn) by
holders and accepted by the Company, to pay the redemption price to
redeem any of the 2024 Notes that are not so tendered, to pay
related fees and expenses in connection with the Offering, and to
the extent the Company has excess proceeds from the Offering, for
general corporate purposes. These forward-looking statements and
information reflect Coeur’s current views with respect to future
events and are necessarily based upon a number of assumptions that,
while considered reasonable, are inherently subject to significant
operational, business, economic, market and regulatory
uncertainties and contingencies. These assumptions include the
timing and success of the Offering, the tender offer and the
satisfaction of customary closing conditions in a timely manner or
at all. The foregoing list of assumptions is not exhaustive. Such
forward-looking statements and information also involve known and
unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements or
information. Such factors include, among others, the uncertainties
and risk factors set out in filings made from time to time with the
United States Securities and Exchange Commission, and the Canadian
Securities regulators, including, without limitation, Coeur’s most
recent report on Form 10-K. Actual results, developments and
timetables could vary significantly from the estimates presented.
Readers are cautioned not to put undue reliance on forward-looking
statements or information. Coeur disclaims any intent or obligation
to update publicly such forward-looking statements or information,
whether as a result of new information, future events or otherwise.
Additionally, Coeur undertakes no obligation to comment on
analyses, expectations or statements made by third parties in
respect of Coeur, its financial or operating results or its
securities. This news release does not constitute an offer of any
securities for sale.
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version on businesswire.com: https://www.businesswire.com/news/home/20210222005901/en/
Coeur Mining, Inc. 104 S. Michigan Avenue, Suite 900 Chicago,
Illinois 60603 Attention: Paul DePartout, Director, Investor
Relations Phone: (312) 489-5800
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