Endeavour Announces Offer to Purchase for Cash any and all Senior Notes Due 2026

Company Overview - Endeavour Mining plc is one of the world's top gold miners and a leading gold producer in West Africa, with operations in Senegal, Côte d'Ivoire, and Burkina Faso, and a strong portfolio of development and exploration assets in the Birimian Greenstone Belt [37]. Offer Details - Endeavour Mining has launched an offer to purchase any and all of its outstanding 5.000% Senior Notes due 2026, totaling U.S.$500 million, at a purchase price of 100.00% of the principal amount [4][7]. - The offer will expire at 5:00 p.m. (New York City time) on May 28, 2025, unless extended or terminated by the Offeror [2]. - The purchase of the Notes is expected to be financed through the issuance of new U.S.$-denominated senior notes, subject to market conditions [7][13]. Financial Conditions - The Offer is conditioned upon the successful completion of the offering of the New Notes, which must result in sufficient net proceeds to fund the purchase of the tendered Notes [8][13]. - The Offeror will also pay accrued and unpaid interest on the Notes accepted for purchase, with the Settlement Date expected to be no later than May 30, 2025 [5]. Investor Considerations - The Offeror intends to give preference in the allocation of the New Notes to investors who have tendered or indicated a firm intention to tender their Notes [9]. - The Offeror reserves the right to extend, re-open, withdraw, or terminate the Offer at any time [11]. Future Actions - If any Notes remain outstanding after the Offer, the Offeror expects to redeem them in full on or after October 14, 2025, subject to certain conditions [15]. - The Offeror may continue to acquire outstanding Notes through various means, including open market purchases or other transactions [16].