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Capstone Copper Announces Offering of US$500 Million Senior Notes Due 2033
All amounts in US$ unless otherwise indicated Capstone Copper Corp. (“Capsto...
About this update from Capstone Copper Corp.
[{"type":"text","content":"Capstone Copper Announces Offering of US$500 Million Senior Notes Due 2033\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n All amounts in US$ unless otherwise indicated\n \n\n\n\n\n Capstone Copper Corp.\n \n (“Capstone” or the “Company”) (TSX:CS) (ASX:CSC) announces that it is launching an offering of $500 million aggregate principal amount of senior notes due 2033 (the “Notes”). The aggregate principal amount, interest rate and other terms of the Notes will be determined at pricing and are dependent upon market conditions and other factors.\n \n\n The Notes will be senior unsecured obligations of the Company and will be guaranteed by each of the Company’s subsidiaries that guarantees its senior secured revolving credit facility. Interest on the Notes will accrue from the issue date and will be payable semi-annually.\n \n\n The Company intends to apply the gross proceeds from the sale of the Notes to repay project financing debt at its Mantoverde S.A. subsidiary, to pay down debt on the Company’s senior secured revolving credit facility, and for general corporate purposes.\n \n\n The Notes will be offered and sold in the United States only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. The Notes will be offered and sold in Canada on a private placement basis pursuant to certain prospectus exemptions.\n \n\n The offer and sale of the Notes will not be registered under the Securities Act and the Notes may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell the Notes, nor shall there be any offer or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.\n \n\n\n ABOUT CAPSTONE COPPER CORP.\n \n\n\n Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. We own and operate the Pinto Valley copper mine ...