Workflow
Refinancing strategy
icon
Search documents
Endeavour Announces Completion of US$500 Million Senior Notes Offering and Results of Tender Offer
Globenewswire· 2025-05-29 16:41
NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS. ENDEAVOUR ANNOUNCES COMPLETION OF US$500 MILLION SENIOR NOTES OFFERING AND RESULTS OF TENDER OFFER London, 29 May 2025 – Endeavour Mining plc ((LSE:EDV, TSX:EDV, OTCQX:EDVMF) (the “Company”) is pleased to announce that it has completed its previously ...
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].