5.000% Senior Notes due 2026

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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 Offer to Purchase for Cash any and all Senior Notes Due 2026
Globenewswire· 2025-05-19 07:53
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].