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First Quantum Minerals announces Senior Notes offering
First Quantum Minerals announces Senior Notes offering Canada NewsWire VANCOUVER...
About this update from First Quantum Minerals Ltd.
[{"type":"text","content":"\n\n\n\nFirst Quantum Minerals announces Senior Notes offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 20, 2018\n\n\n\n(In United States dollars, except where noted otherwise)\n\n\n\nVANCOUVER, Feb. 20, 2018 /CNW/ - First Quantum Minerals Ltd. (\"First Quantum\" or the \"Company\", TSX Symbol \"FM\") today announced that it is launching an offering of $1,500 million of Senior Notes due 2024 (the \"2024 Notes\") and Senior Notes due 2026 (the \"2026 Notes\" and together with the 2024 Notes, the \"Notes\").\n\n\n \n \n\n \nThe Notes will be senior obligations of the Company and will be guaranteed by certain of the Company's subsidiaries. Interest will be payable semi-annually. The interest rate, offering price and principal amount of each series of the Notes along with certain other terms will be determined at the time of pricing of the offering, subject to market conditions.\n\nThe Company intends to use the proceeds from the sale of the Notes (i) to repay amounts drawn and outstanding under the Company's revolving credit facility entered into on October 19, 2017 with a view to providing liquidity sufficient to fund the Company's share of remaining capital expenditures relating to the Cobre Panama project, (ii) to repay certain indebtedness under the Company's term loan facility entered into on October 19, 2017, (iii) for general corporate purposes and (iv) to pay fees associated with the offering. The Company has prepared an offering memorandum which will be made available to selected prospective purchasers of the Notes.\n\nThis announcement is not 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 registration. The Company does not intend to register any portion of this offering in the United States or to conduct a public offering in the United States or any other jurisdiction. Any public offering of securities to be made in the United States would be made by mean...