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Endeavour Silver Prices Offering of Convertible Senior Notes
VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) announced today...
About this update from Endeavour Silver Corp.
[{"type":"image","alt":"Endeavour Silver Corporation","displaySize":"","headline":null,"caption":"Endeavour Silver Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":109,"url":"https://media.zenfs.com/en/globenewswire.com/073275c999f31984be3793c22a67ce32"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5vAq0fZOkqPUZj3lMi5UaQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/073275c999f31984be3793c22a67ce32","width":300,"height":109}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) announced today that it has priced its previously announced offering (the “Offering”) of unsecured convertible senior notes due 2031 (the “Notes”). The Company intends to issue US$300 million aggregate principal amount of Notes (or US$350 million aggregate principal amount if the option, which has been increased to US$50 million, granted to the initial purchasers to purchase additional Notes is exercised in full). Endeavour intends to use the net proceeds of the Offering to repay its senior secured debt facility with ING Capital LLC (together with ING Bank N.V.) and Societe Generale (the “Credit Facility”), to fund the advancement of its Pitarrilla project located in Durango State, Mexico, and for general corporate purposes, including strategic opportunities.","length":908,"tagName":"p"},{"type":"text","content":"The Notes will bear cash interest semi-annually at a rate of 0.25% per annum. The initial conversion rate for the Notes will be 80.2890 common shares of the Company (the “Shares”) per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$12.4550 per Share. The initial conversion rate represents a premium of approximately 32.5% relative to today’s closing market price of the Shares on the NYSE and is subject to adjustment in certain events.","length":487,"tagName":"p"},{"type":"text","content":"The Offering is expected to close on or about December 4, 2025, subject to customary closing conditions including approval of the Toronto Stock Exchange and the New York Stock Exchange.","length":185,"tagName":"p"},{"type":"text","content":"The Notes and the Shares issuable upon the conversion thereof have not bee...