Coeur Mining, Inc. Announces Expiration of Tender Offer for its Outstanding 5.875% Senior Notes Due 2024
26 Fevereiro 2021 - 9:02PM
Business Wire
Coeur Mining, Inc. (NYSE: CDE) (the “Company”) announced today
that its previously announced cash tender offer (the “Tender
Offer”) to purchase any and all of its 5.875% senior notes due 2024
(the “2024 Notes”) expired at 5:00 p.m., New York City time, on
February 26, 2021 (the “Expiration Time”). As of the Expiration
Time, $102,817,000 aggregate principal amount of the 2024 Notes (or
44.70% of the total aggregate principal amount of the 2024 Notes
outstanding) were validly tendered, which excludes $396,000
aggregate principal amount of the 2024 Notes (or 0.17% of the total
aggregate principal amount of the 2024 Notes outstanding) that
remain subject to the guaranteed delivery procedures set forth in
the Company’s Offer to Purchase, dated February 22, 2021 (the
“Offer to Purchase”). The Company expects to accept for payment all
such 2024 Notes validly tendered and not validly withdrawn in the
Tender Offer and expects to make payment for the 2024 Notes on
March 1, 2021, or, in the case of 2024 Notes validly tendered and
accepted for purchase pursuant to the guaranteed delivery
procedures, on March 3, 2021, in each case, subject to the closing
of the Company’s previously announced debt financing transaction
and the satisfaction or waiver by the Company of the other
conditions listed in the Offer to Purchase. Following the
consummation of the Tender Offer, the Company intends to redeem any
2024 Notes not validly tendered and purchased in the Tender Offer,
at a redemption price equal to 102.938% of the principal amount
redeemed, plus any accrued and unpaid interest to the redemption
date.
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 are available
at www.dfking.com/cde or by contacting the information agent 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.
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase the securities described
herein 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 press release
does not constitute a notice of redemption under the optional
redemption provisions of the Indenture relating to the 2024
Notes.
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 previously announced debt financing transaction or any
redemption of the 2024 Notes. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210226005710/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)
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