(Updates shares.)
McEwen Mining (MUX.TO) on Friday priced its private placement of $95 million of convertible senior notes due 2030.
The company increased the amount from a previously announced $85 million.
The company also granted to initial purchasers an option to buy up to an additional $15 million of notes, for settlement within 13 days from the date of initial issuance of the notes.
The initial conversion price of $11.25 per share represents a conversion premium of about 30% over the closing sale price of $8.65 on Feb. 6.
The notes will mature on Aug. 15, 2030, unless earlier converted, redeemed or repurchased.
Proceeds from the offering are estimated at $91.3 million, or $105.9 million if initial purchases exercise their option in full. Proceeds will be used to pay the cost of a capped call overlay, to repay a portion of outstanding debt and for general corporate purposes.
The sale is scheduled to close on Feb. 11, subject to customary closing conditions.
McEwen shares were last seen down $1.75 to $10.65 on the Toronto Stock Exchange.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。