Endeavour Mining plc Announces Pricing of its Offering of USD 500.0 Million Fixed Rate Senior Notes Due 2030 as Part of its Refinancing Strategy

Published: 2025-05-21 16:51:02 ET EDV.TO

Published on 05/21/2025 at 16:51

Endeavour Mining plc announced the pricing of its offering of USD 500.0 million fixed rate senior notes due 2030 (the Notes) as part of its refinancing strategy. Interest on the Notes will be payable semi-annually at a rate equal to 7.000% per annum. The Notes are expected to settle on or around 28 May 2025, subject to customary conditions, and the Notes will mature on 28 May 2030.

The proceeds of the Notes, together with cash on hand, will be used to finance the purchase of any and all of the Company?s outstanding USD 500.0 million in aggregate principal amount of 5.000% senior notes due 2026 (the Existing Notes) validly tendered and accepted for purchase by the Company pursuant to the cash tender offer launched by the Company concurrently with the Offering (the Tender Offer and, together with the Offering, the Transaction) and pay fees and expenses in relation to the Transactions. The Notes will extend the maturity of the Company?s existing debt structure providing increased financial flexibility.