Business
Endeavour announces pricing of US$500.0 million 5-year senior notes
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 pricing of US$500.0 million 5-year senior notes\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 PRICING OF US$500.0 MILLION\n \n\n\n 5-YEAR SENIOR NOTES\n \n\n\n\n London, 21 May 2025\n \n – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (the “Company”, together with its subsidiaries, the “Group”) is pleased to announce the pricing of its offering (the “Offering”) of US$500.0 million fixed rate senior notes due 2030 (the “Notes”) as part of its refinancing strategy.\n \n\n Interest on the Notes will be payable semi-annually at a rate equal to 7.000% per annum. The Notes are expected to settle on or around 28 May 2025, subject to customary conditions, and the Notes will mature on 28 May 2030.\n \n\n The proceeds of the Notes, together with cash on hand, will be used to (i) finance the purchase of any and all of the Company’s outstanding U.S.$500.0 million in aggregate principal amount of 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, together with the Offering, the “Transactions”) and (ii) pay fees and expenses in relation to the Transactions.\n \n\n The Notes will extend the maturity of the Company’s existing debt structure providing increased financial flexibility.\n \n\n\n ABOUT ENDEAVOUR MINING PLC\n \n\n\n\n Endeavour Mining is one of the world’s top gold miners and one of the largest gold producers in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.\n \n\n\n\n A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. ...