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Endeavour announces pricing of US$500.0 million 5-year senior notes
Globenewswire·2025-05-21 18:50

Core Viewpoint - Endeavour Mining plc has announced the pricing of a US$500.0 million offering of fixed rate senior notes due 2030 as part of its refinancing strategy [2][4]. Group 1: Offering Details - The offering consists of US$500.0 million fixed rate senior notes with a maturity date of 28 May 2030 [2][3]. - The interest rate on the notes is set at 7.000% per annum, payable semi-annually [3]. - The expected settlement date for the notes is around 28 May 2025, subject to customary conditions [3]. Group 2: Use of Proceeds - Proceeds from the notes will be used to finance the purchase of existing US$500.0 million senior notes due 2026, which are being tendered as part of a cash tender offer [4]. - Additional proceeds will cover fees and expenses related to the transactions [4]. Group 3: Financial Flexibility - The issuance of the notes will extend the maturity of the company's existing debt structure, thereby providing increased financial flexibility [5]. Group 4: Company Overview - Endeavour Mining is recognized as 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 [6]. - The company is a member of the World Gold Council and is committed to responsible mining practices and sustainable value creation for stakeholders [7].