SSR Mining Announces Expiration and Final Results of Repurchase at Option of Holders of 2.875% Convertible Senior Notes Due 2033

About this update from Ssr Mining Inc.

[{"type":"text","content":"VANCOUVER, Jan. 31, 2020 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (\"SSR Mining\") today announces the results of the repurchase at the option of holders of our 2.875% Senior Convertible Notes due 2033 (CUSIP No. 82823L AC0) (the \"Notes\") issued pursuant to the Indenture governing the Notes, dated as of January 16, 2013 between SSR Mining and The Bank of New York Mellon, as trustee (the \"Indenture\"), pursuant to which each holder (each a \"Holder\") had the right (the \"Put Option\") to require SSR Mining to repurchase all of such Holder's Notes, or any portion thereof that is a multiple of $1,000 principal amount, on February 1, 2020. The Put Option expired at 5:00 p.m., New York City time, on January 31, 2020 and was not extended. \nWe have been advised by The Bank of New York Mellon, the paying agent for the Notes, that as of the expiration of the Put Option, $49,000 aggregate principal amount of the Notes, representing approximately 0.043% of the outstanding Notes were validly surrendered for purchase (and not validly withdrawn). We have accepted for purchase all of the Notes that were validly surrendered for purchase (and not validly withdrawn).\nAfter the commencement of the Put Option and prior to the expiration thereof, $4,000 aggregate principal amount of the Notes were converted into our common shares in accordance with the terms of the Notes and the Indenture.\nAccordingly, following the settlement of the Put Option, $114,947,000 aggregate principal amount of the Notes remain outstanding. The remaining outstanding Notes are callable by SSR Mining at par, plus accrued and unpaid interest thereon, if any, at any time at our election giving due notice, in accordance with the terms and conditions of the Indenture.\nAbout SSR Mining\nSSR Mining Inc. is a Canadian-based precious metals producer with three operations, including the Marigold gold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and Puna Operations in Jujuy, Argentina. We also have two feasibility stage projects and a portfolio of exploration properties in North and South America. We are committed to delivering safe production through relentless emphasis on Operational Excellence. We are also focused on growing production and Mineral Reserves through the exploration and acquisition of assets for accretive growth, whi...

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