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First Quantum Minerals Announces Completion of $1,000 Million Senior Notes Offering
(In United States dollars, except where noted otherwise) TORONTO, Aug. 20, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the
About this update from First Quantum Minerals Ltd.
[{"type":"text","content":" (In United States dollars, except where noted otherwise) TORONTO, Aug. 20, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) announces that it has completed its offering of $1,000 million aggregate principal amount of 7.250% senior notes due 2034 (the “Notes”). The Notes are senior unsecured obligations of the Company and are guaranteed by certain of the Company's subsidiaries. Interest on the Notes will accrue from the issue date and will be payable semi-annually. The Company intends to use the gross proceeds from the sale of the Notes, together with cash on balance sheet, to (i) fund the tender offer for its existing 6.875% senior notes due 2027 and to redeem any senior notes due 2027 not accepted for purchase in such tender offer (ii) fund the tender offer for a portion of its existing 9.375% senior secured second lien notes due 2029 and (iii) pay related fees, costs and expenses. For further information, visit our website at www.first-quantum.com or contact: Investor Relations: Bonita To, Director, Investor Relations(416) 361-6400 Toll-free: 1 (888) 688-6577E-Mail: [email protected] Media Relations:James Devas, Manager, Corporate Affairs+44 207 291 6630E-Mail: [email protected] IMPORTANT DISCLAIMER The information in this announcement does not constitute a notice of redemption or the solicitation to purchase any securities of the Company, or an offer of securities for sale in the United States or any other jurisdiction. Securities may not be offered or sold in the United States unless they are registered or are exempt from the registration of the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”). The Notes will not be registered under the U.S. Securities Act, or the securities laws of any state of the U.S. or other jurisdictions and the Notes will not be offered or sold within the U.S. or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S of the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and the applicable laws of other jurisdictions. The Company does not intend to conduct a public offering in the United States or any other jurisdiction. It may be unlawful to distribute this announcement in certain jurisdictions. The informa...