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Coeur Mining Announces Early Participation Deadline Results of Previously Announced Exchange Offer and Consent Solicitation for New Gold Senior Notes
CHICAGO / Apr 06, 2026 / Business Wire / Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE, TSX: CDE) today announced the early participation results of its p
About this update from Coeur Mining, Inc.
[{"type":"text","content":"CHICAGO / Apr 06, 2026 / Business Wire / Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE, TSX: CDE) today announced the early participation results of its previously announced private exchange offer to certain Eligible Holders (the “Exchange Offer”) for any and all of the US$400,000,000 aggregate principal amount outstanding 6.875% Senior Notes due 2032 (CUSIP: 644535 AJ5 / C62944 AE0; ISIN: US644535AJ57 / USC62944AE04) (the “Existing Notes”) issued by New Gold Inc. (“New Gold”) for up to US$400,000,000 aggregate principal amount of new notes to be issued by Coeur (the “New Notes”) and cash. In conjunction with the Exchange Offer, Coeur is soliciting consents (the “Consent Solicitation”) to adopt certain proposed amendments to the indenture governing the Existing Notes (the “Existing Notes Indenture”) to, among other things, eliminate from the Existing Notes Indenture (i) substantially all of the restrictive covenants and (ii) certain of the events which may lead to an “Event of Default” thereunder (collectively, the “Proposed Amendments”). The following table sets forth certain terms and early results of the Exchange Offer as of 5:00 p.m., New York City time, on April 3, 2026 (the “Early Participation Date”), according to information provided by Global Bondholder Services Corporation, the information agent and exchange agent for the Exchange Offer: Title of Existing Notes CUSIP Number / ISIN Aggregate Principal Amount Outstanding Principal Amount Validly Tendered Percentage of Principal Amount Outstanding 6.875% Senior Notes due 2032 Rule 144A Notes: 644535 AJ5 / US644535AJ57 Reg. S Notes: C62944 AE0 / USC62944AE04 US$400,000,000 US$385,300,000 96.33% Since the Company has received the requisite consents from Eligible Holders of Existing Notes that, in the aggregate, represent not less than a majority in principal amount of the Existing Notes outstanding from Eligible Holders to effect the Proposed Amendments, the Company has executed a supplemental indenture to effect the Proposed Amendments (the “Supplemental Indenture”), which became effective upon execution but will only become operative upon consummation of the Exchange Offer on the Settlement Date. As previously announced, Coeur completed the acquisition of all of the issued and outstanding shares of New Gold (the “Transaction”), which constituted a “change of control...