Loan & DebtJun 17, 2026, 12:36 PM
Southern Copper Prices $1.25 Billion Unsecured Notes Due 2036
AI Summary
Southern Copper Corporation announced it priced $1.25 billion in unsecured notes due 2036 with a 5.350% interest rate. The offering is expected to close around June 24, 2026. Proceeds will be allocated to the Tia Maria project development, capital expenditure programs in Peru, and general corporate purposes for its Peruvian branch, SPCC. The notes rank equally with existing and future unsecured and unsubordinated debt.
Key Highlights
- Southern Copper Corp. priced $1.25 billion of 5.350% Notes due 2036.
- The offering is an underwritten, registered public offering.
- The transaction is expected to close on or about June 24, 2026.
- Net proceeds will be used for the Tia Maria project development and capital expenditures in Peru.
- The notes are general unsecured obligations of the Company.
Price Impact
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