First Quantum Minerals Announces Completion of $1,500 Million Senior Notes Offering

Core Viewpoint - First Quantum Minerals Ltd. has successfully completed an offering of $1,500 million in senior notes with a 6.375% interest rate due in 2036, aimed at refinancing existing debt and managing financial obligations [1][2][3]. Financial Details - The senior notes are unsecured obligations of the company and are guaranteed by certain subsidiaries [2]. - The gross proceeds from the notes will be used to redeem $1,350 million of existing 9.375% senior secured second lien notes due in 2029, repay drawn amounts from a revolving credit facility, and cover transaction fees and expenses [3][4]. Redemption Information - The company has completed the full redemption of its 9.375% senior secured second lien notes, totaling $1,350 million in outstanding principal [4].