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Endeavour Announces Completion of US$500 Million Senior Notes Offering and Results of Tender Offer
NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL T...
About this update from Endeavour Mining Plc
[{"type":"text","content":"Endeavour Announces Completion of US$500 Million Senior Notes Offering and Results of Tender Offer\n\n\n\n\n\n\n\n NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS.\n \n\n\n ENDEAVOUR ANNOUNCES COMPLETION OF US$500 MILLION SENIOR NOTES OFFERING AND RESULTS OF TENDER OFFER\n \n\n\n\n London, 29 May 2025\n \n – Endeavour Mining plc ((LSE:EDV, TSX:EDV, OTCQX:EDVMF) (the “Company”) is pleased to announce that it has completed its previously announced offering (the “Offering”) of US$500.0 million 7.000% senior notes due 2030 (the “New Notes”) as part of its refinancing strategy.\n \n\n The proceeds of the Offering, together with cash on hand, will be used to (i) finance the purchase of any and all of the Company’s outstanding 5.000% Senior Notes due 2026 (the “Existing Notes”) validly tendered and accepted for purchase by the Company pursuant to the cash tender offer launched by the Company concurrently with the Offering (the “Tender Offer”) and (ii) pay fees and expenses in relation to the Offering and the Tender Offer.\n \n\n The Company also announces that US$464,278,000 aggregate principal amount of Existing Notes have been tendered in the Tender Offer. Following completion of the Tender Offer, the Company expects to exercise its right under the Existing Notes to redeem in full the remaining Existing Notes not tendered pursuant to the Tender Offer, at the Purchase Price paid to the tendering Noteholders. Nothing in this announcement constitutes a notice of redemption pursuant to the Indenture.\n \n\n\n TENDER OFFER RESULTS\n \n\n\n The Tender Offer, conducted pursuant to the terms and on the conditions set out in the offer to purchase dated 19 May 2025 (the “Offer to Purchase”), expired at 5:00 p.m. (New York City time) on 28 May 2025 (the “Expiration Deadline”). The deadline for delivery of Existing Notes tendered according to the guaranteed delivery procedures, as described in the Offer to Purchase is 5:00 p.m. (New York City time) on 29 May 2025. Capitalised terms used in this announcement but not defined h...