Fortuna Silver Mines plans $150m convertible senior notes offering for debt repayment and working capital.
Fortuna Silver Mines plans to offer $150m of convertible senior notes due in 2029, with an additional $22.5m option. The company aims to use the proceeds to repay bank debt, fund working capital requirements, cover debenture redemption, and cater to general corporate purposes. The notes will be offered only to qualified institutional buyers and non-US persons outside the US, in compliance with Regulation S. The interest rate and conversion rate will be determined at the time of pricing and are subject to market conditions.
June 05, 2024
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