Business
CHAMPION IRON ANNOUNCES OFFERING OF US$450 MILLION SENIOR NOTES DUE 2032
SYDNEY, June 25, 2025 - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") announces that its wholly-owned subsidiary, Champion Iron Canada Inc. (the "Issuer"), is launching an offering (the "Offering") of US$450 million aggregate principal amount of senior notes due 2032 (the "Notes"). The Notes will be senior unsecured obligations of the Issuer and will be guaranteed by the Company and certain of its subsidiaries. Interest on the Notes will accrue from the
About this update from Champion Iron Ltd.
[{"type":"text","content":"MONTRÉAL, June 25, 2025 /CNW/ - SYDNEY, June 25, 2025 - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") announces that its wholly-owned subsidiary, Champion Iron Canada Inc. (the "Issuer"), is launching an offering (the "Offering") of US$450 million aggregate principal amount of senior notes due 2032 (the "Notes"). The Notes will be senior unsecured obligations of the Issuer and will be guaranteed by the Company and certain of its subsidiaries. Interest on the Notes will accrue from the issue date and will be payable semi-annually. The Notes will not be quoted on ASX or the TSX.","length":676,"tagName":"p"},{"type":"image","alt":"Champion Iron Logo (CNW Group/Champion Iron Limited)","displaySize":"","headline":null,"caption":"Champion Iron Logo (CNW Group/Champion Iron Limited)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":59,"url":"https://media.zenfs.com/en/cnwgroup.com/fcb1225387f17189218ad112d1b885df"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/pvXUr9I9tbQinAyVHwWJbA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwNDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/fcb1225387f17189218ad112d1b885df","width":400,"height":59}},"href":"https://mma.prnewswire.com/media/2718389/Champion_Iron_Limited_CHAMPION_IRON_ANNOUNCES_OFFERING_OF_US_450.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company intends to use the net proceeds from the Offering to repay the amounts outstanding under its senior credit facilities and for general corporate purposes.","length":165,"tagName":"p"},{"type":"text","content":"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 certain Canadian jurisdictions on a private placement basis pursuant to certain prospectus exemptions. The Notes will be offered and sold in Australia only to sophisticated or professional investors within the meaning of sections 708(8) and 708(11) of the Australian Corporations Act 2001 (Ct...