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SILVERCORP ANNOUNCES OFFERING OF US$130 MILLION CONVERTIBLE SENIOR NOTES
SILVERCORP ANNOUNCES OFFERING OF US$130 MILLION CONVERTIBLE SENIOR NOTES Canada NewsWir...
About this update from Silvercorp Metals Inc.
[{"type":"text","content":"\n\n\n\n SILVERCORP ANNOUNCES OFFERING OF US$130 MILLION CONVERTIBLE SENIOR NOTES\n \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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n Trading Symbol:\n \n\n TSX:\n \n\n SVM\n \n\n\n NYSE AMERICAN: SVM\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Nov. 19, 2024\n \n\n /CNW/ - Silvercorp Metals Inc. (\"Silvercorp\" or the \"Company\") (TSX: SVM) (NYSE American: SVM) today announced that it has commenced a private placement offering of\n \n US$130,000,000\n \n aggregate principal amount of convertible senior notes due 2029 (the \"Notes\" and the \"Offering\"). The Company intends to grant the initial purchasers of the Notes an option to purchase up to an additional\n \n US$20,000,000\n \n aggregate principal amount of Notes, exercisable in whole or in part at any time until 20 days after the closing of the Offering.\n \n\n The Notes will be senior unsecured obligations of the Company. The Notes will accrue interest payable semi-annually in arrears and will mature on December 15, 2029, unless earlier repurchased, redeemed or converted.\n \n\n The Notes will be convertible at the option of holders, prior to the close of business on the business day immediately preceding\n \n September 15, 2029\n \n , only under certain circumstances and during certain periods, and thereafter, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. Upon conversion, the Notes may be settled, at the Company's election, in cash, common shares (\"Common Shares\") of the Company or a combination thereof. The Notes will not be redeemable at the Company's option prior to\n \n December 20, 2027\n \n , except upon the occurrence of certain tax law changes. On or after December 20, 2027 and prior to the 51st scheduled trading day immediately preceding the maturity date, the Notes will be redeemable at the Company's option if the last reported sale price of the Company's Common Shares has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or no...