Business
First Quantum Minerals Announces Extension of the Expiration Date, Guaranteed Delivery Date and Settlement Date of Cash Tender Offer to Purchase Any and All of Its Outstanding 6.875% Senior Notes Due 2027
(In United States dollars, except where noted otherwise) TORONTO, Aug. 06, 2025 (GLOBE NEWSWI...
About this update from First Quantum Minerals Ltd.
[{"type":"text","content":"First Quantum Minerals Announces Extension of the Expiration Date, Guaranteed Delivery Date and Settlement Date of Cash Tender Offer to Purchase Any and All of Its Outstanding 6.875% Senior Notes Due 2027\n\n\n\n (In United States dollars, except where noted otherwise)\n \n\n TORONTO, Aug. 06, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM), in connection with the offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 6.875% Senior Notes due 2027 (the “Notes”) from holders of the Notes (“Holders”), as further described in the offer to purchase (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery, each dated August 6, 2025, and as previously announced on August 6, 2025, hereby announces that, following the upsizing and pricing of the New Notes (as announced separately by the Company on the date hereof), the Company is extending (i) the Price Determination Date from 2:00 p.m., New York City time, on August 12, 2025 to 2:00 p.m., New York City time, on August 18, 2025, (ii) the Expiration Date from 5:00 p.m., New York City time, on August 12, 2025 to 5:00 p.m., New York City time, on August 18, 2025, (iii) the Guaranteed Delivery Date from 5:00 p.m., New York City time, on August 14, 2025 to 5:00 p.m., New York City time, on August 20, 2025 and (iv) the expected Settlement Date from August 15, 2025 to August 21, 2025.\n \n\n The consideration for each $1,000 principal amount of Notes tendered prior to the Expiration Date (as extended pursuant to this announcement) and accepted for purchase pursuant to the Tender Offer shall be the “Notes Consideration” and will be calculated by the Dealer Managers (as defined below) as set forth in the table below in a manner described in the Offer to Purchase by reference to the fixed spread (the “Fixed Spread”) specified below plus the yield (the “Reference Yield”) based on the bid-side price of the U.S. Treasury Reference Security specified below (the “Reference Security”) as quoted on the Bloomberg Bond Trader FIT3 series of pages (the “Reference Page”) at 2:00 p.m., New York City time, on the Price Determination Date (as extended pursuant to this anno...