Loan & DebtApr 23, 2026, 06:07 AM
Coeur Mining Completes $385.77M Senior Notes Exchange Offer
AI Summary
Coeur Mining, Inc. completed its previously announced private exchange offer and consent solicitation for New Gold Inc.'s $400 million aggregate principal amount of 6.875% Senior Notes due 2032. In connection with the settlement, Coeur Mining issued $385.774 million aggregate principal amount of its own 6.875% Senior Notes due 2032. The new notes are unsecured senior obligations and rank equally with the company's existing and future unsecured senior debt.
Key Highlights
- Completed private exchange offer for $400M New Gold Inc. 6.875% Senior Notes due 2032.
- Issued $385.774M of its own 6.875% Senior Notes due 2032 in exchange.
- New notes are unsecured senior obligations, ranking equally with existing senior debt.
- No cash proceeds were received from the issuance of the new notes.