Coeur to Offer Senior Notes
March 07 2014 - 9:00AM
Business Wire
Coeur Mining, Inc. (the “Company” or “Coeur”) (NYSE:CDE) today
announced its intention to offer (the “Offering”), subject to
market and other conditions, $150,000,000 of 7.875% Senior Notes
due 2021 (the “Offered Notes”). The Offered Notes constitute a
further issuance of Coeur’s $300,000,000 outstanding principal
amount of 7.875% Senior Notes due 2021 issued on January 29, 2013
(the “Existing Notes”) and, when issued, will form a single series
of debt securities with the Existing Notes. Other than with respect
to the date of issuance, issue price, and CUSIP number, the Offered
Notes will have the same terms as the Existing Notes. Once the
Offered Notes are registered and exchanged for exchange notes,
Coeur expects that the Offered Notes and the Existing Notes will
share a single CUSIP number and thereafter be fungible.
The Offered Notes will be fully and unconditionally guaranteed
by certain of the Company’s subsidiaries. The Company intends to
use the net proceeds from the Offering for general corporate
purposes.
Barclays Capital Inc. is acting as sole book-running manager for
the Offering.
The Offered Notes will only be offered and sold to qualified
institutional buyers in the United States pursuant to Rule 144A and
outside the United States pursuant to Regulation S under the
Securities Act of 1933, as amended (the “Securities Act”).
The Offered Notes have not been registered under the Securities
Act or any state securities laws and may not be offered or sold in
the United States absent registration or an applicable exemption
from the registration requirements of the Securities Act and
applicable state laws.
This news release shall not constitute an offer to sell or a
solicitation of an offer to purchase the Offered Notes or any other
securities, and shall not constitute an offer, solicitation or sale
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful. This news release is being issued
pursuant to and in accordance with Rule 135c under the Securities
Act.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of securities legislation in the United States and Canada,
including, among others, (i) Coeur’s intention to offer the Offered
Notes, subject to market and other conditions and (ii) Coeur’s
intention to use the proceeds of the Offering for general corporate
purposes.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause Coeur’s actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. The risks and hazards
inherent in the mining business (including risks inherent in
developing large‐scale mining projects, environmental hazards,
industrial accidents, weather or geologically related conditions),
changes in the market prices of gold and silver and a sustained
lower price environment, the uncertainties inherent in Coeur’s
production, exploratory and developmental activities, including
risks relating to permitting and regulatory delays, ground
conditions, grade variability, any future labor disputes or work
stoppages, the uncertainties inherent in the estimation of gold and
silver ore reserves and future production, changes that could
result from Coeur’s future acquisition of new mining properties or
businesses, reliance on third parties to operate certain mines
where Coeur owns silver production and reserves and the absence of
control over mining operations in which Coeur or its subsidiaries
hold royalty or streaming interests and risks related to these
mining operations including results of mining and exploration
activities, environmental, economic and political risks of the
jurisdiction in which the mining operations are located, the loss
of any third‐party smelter to which Coeur markets silver and gold,
the effects of environmental and other governmental regulations,
the risks inherent in the ownership or operation of or investment
in mining properties or businesses in foreign countries, Coeur’s
ability to raise additional financing necessary to conduct its
business, make payments or refinance its debt, as well as other
uncertainties and risk factors set out in filings made from time to
time with the United States Securities and Exchange Commission, and
the Canadian securities regulators, including, without limitation,
Coeur’s most recent report on Form 10‐K. Actual results,
developments and timetables could vary significantly from the
estimates presented. Readers are cautioned not to put undue
reliance on forward-looking statements. Coeur disclaims any intent
or obligation to update publicly such forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, Coeur undertakes no obligation to comment on
analyses, expectations or statements made by third parties in
respect of Coeur, its financial or operating results or its
securities.
Coeur Mining, Inc.Bridget Freas, 312-489-5819Director, Investor
RelationsorDonna Mirandola, 312-489-5842Director, Corporate
Communications
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