Investor Brand Network – Fri Feb 7, 11:04AM CST
McEwen Mining (NYSE: MUX) (TSX: MUX) announced the pricing of $95 million in convertible senior notes due 2030 in a private placement under Rule 144A of the Securities Act. The company granted initial purchasers an option to buy an additional $15 million in notes, potentially increasing the total to $110 million. The notes carry a 5.25% interest rate and an initial conversion price of $11.25 per share, a 30% premium over the Feb. 6 closing price of $8.65. A capped call transaction could increase the effective conversion price to $17.30 per share. Proceeds will be used for a capped call overlay, debt repayment, and general corporate purposes. The offering is expected to close Feb. 11, 2025, pending customary conditions.
To view the full press release, visit https://ibn.fm/3lKKZ
About McEwen Mining Inc.
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico…
