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Silver Wheaton announces closing of US$550 million bought-deal common share financing
Silver Wheaton announces closing of US$550 million bought-deal common share financing ...
About this update from Wheaton Precious Metals Corp
[{"type":"text","content":"\n\n\n\nSilver Wheaton announces closing of US$550 million bought-deal common share financing\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\nSilver Wheaton announces closing of US$550 million bought-deal common share financing\nCanada NewsWire\nVANCOUVER, April 7, 2016\n\n\n\nTSX: SLWNYSE: SLW\n\n\n\nVANCOUVER, April 7, 2016 /CNW/ - Silver Wheaton Corp. (\"Silver Wheaton\" or the \"Company\") (TSX:SLW) (NYSE:SLW) has closed its previously announced bought-deal common share financing. A total of 33,135,000 common shares of Silver Wheaton were sold at a price of US$16.60 per share (the \"Offering\"), for aggregate gross proceeds to Silver Wheaton of approximately US$550 million. Silver Wheaton intends to use the net proceeds from the Offering to repay a portion of the debt that was drawn on the Company's US$2 billion revolving credit facility in November 2015 for the US$900 million purchase of the silver stream on the Antamina mine in Peru. \n\nThe Offering was led by RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets and Scotiabank (the \"Underwriters\"). Silver Wheaton has granted to the Underwriters an option to purchase up to an additional 4,970,250 common shares at a price of US$16.60 per share, on the same terms and conditions as the Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Offering. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering to Silver Wheaton will be approximately US$632.5 million.\n\nThe Offering was completed by way of a prospectus supplement dated March 31, 2016 (the \"Supplement\") to the Company's existing short form base shelf prospectus dated May 4, 2015 which was filed in all of the provinces of Canada and was registered in the United States pursuant to a registration statement filed under the Canada/U.S. multi-jurisdictional disclosure system. These documents may be accessed for free by visiting SEDAR at www.sedar.com or EDGAR at www.sec.gov. A written prospectus relating to the Offering may be obtain...