First Quantum Minerals Announces $1,350 Million Senior Notes Offering

Core Viewpoint - First Quantum Minerals Ltd. is launching an offering of $1,350 million in senior notes to fund the redemption of existing debt and cover transaction costs [1][3]. Group 1: Offering Details - The offering consists of $1,350 million aggregate principal amount of senior notes [1]. - The notes will be senior unsecured obligations guaranteed by certain subsidiaries of the company [2]. - Interest on the notes will accrue from the issue date and will be payable semi-annually, with the interest rate and offering price to be determined at the time of pricing [2]. Group 2: Use of Proceeds - The gross proceeds from the sale of the notes will be used to fully redeem the existing 9.375% senior secured second lien notes due 2029 [3]. - Proceeds will also cover transaction fees, costs, and expenses associated with the offering [3].