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- Fortuna Silver Mines (TSX:FVI:CA) said on Wednesday that the precious and base metal mining company is offering $150M convertible senior notes due 2029.
- The company said that the initial purchasers are expected to receive an option to purchase up to an additional $22.5M of notes for a period of 15 days.
- The net proceeds are intended to be used to repay bank indebtedness, to fund working capital requirements, for general corporate purposes and to fund the repayment of its existing 4.65% senior subordinated unsecured convertible debentures.
- The company said it intends to issue a notice of redemption for the existing debentures, immediately before the closing of the offering.
- The notes will bear cash interest semi-annually at a fixed rate, and be convertible by holders into the capital of the company.
- Source: Press Release
