Loan & DebtJun 5, 2026, 06:26 AM
Almonty Prices US$700M Convertible Senior Notes at 2.25%
AI Summary
Almonty Industries Inc. announced the pricing of an oversubscribed US$700 million aggregate principal amount of 2.25% convertible senior notes due 2031. The notes have an initial conversion price of approximately US$27.40 per common share, representing a 32.5% premium over the last reported sale price. Net proceeds of approximately US$675.9 million will be used for capped call transactions, debt refinancing, and general corporate purposes, including potential acquisitions.
Key Highlights
- Priced US$700 million aggregate principal amount of 2.25% convertible senior notes due 2031.
- Initial conversion price is approximately US$27.40 per common share, a 32.5% premium.
- Net proceeds estimated at US$675.9 million, or US$772.7 million if option exercised.
- US$83.0 million of proceeds to fund capped call transactions.
- US$50.0 million to refinance existing debt and liabilities.
- US$543.0 million allocated for working capital and general corporate purposes.
- Capped call transactions have a cap price of US$41.36 per share, a 100% premium.
Price Impact
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