Coeur Mining, Inc. Announces Cash Tender Offer for its Outstanding 7.875% Senior Notes Due 2021
May 19 2017 - 6:45AM
Business Wire
Coeur Mining, Inc. (NYSE: CDE) (the “Company”), a precious
metals producer with gold and silver mines located in the Americas,
today announced that it has commenced a cash tender offer (the
“Tender Offer”) to purchase any and all of its 7.875% Senior Notes
due 2021 (the “Notes”). There are $178.0 million aggregate
principal amount of Notes outstanding. The Tender Offer is being
made on the terms and subject to the conditions set forth in the
Offer to Purchase dated May 19, 2017 (the “Offer to Purchase”).
The Tender Offer is scheduled to expire at 5:00 p.m., New York
City time, on May 25, 2017, unless extended or earlier terminated
as described in the Offer to Purchase (such time and date, as they
may be extended, the “Expiration Time”). Tenders of the Notes must
be properly made before the Expiration Time and may be withdrawn at
any time before the Expiration Time. Holders of the Notes who
validly tender (and do not validly withdraw) their Notes at or
prior to the Expiration Time, or who deliver to the depositary and
information agent a properly completed and duly executed Notice of
Guaranteed Delivery in accordance with the instructions described
in the Offer to Purchase, will receive in cash $1,043.88 per $1,000
principal amount of Notes validly tendered and accepted by the
Company for purchase in the Tender Offer, plus accrued and unpaid
interest to, but not including, the settlement date, which is
expected to be May 31, 2017.
Tendered Notes may be withdrawn at any time prior to the
Expiration Time. The Tender Offer is subject to the satisfaction or
waiver of a number of conditions as set forth in the Offer to
Purchase, including the receipt by the Company of proceeds from a
proposed debt financing on terms reasonably satisfactory to the
Company generating net proceeds, together with cash on hand, if
needed, in an amount sufficient to effect the repurchase of all the
Notes validly tendered and accepted for purchase pursuant to the
Tender Offer. The Company may amend, extend or terminate the Tender
Offer in its sole discretion and subject to applicable law.
The Company intends to deliver a notice of redemption in order
to redeem any Notes outstanding following the consummation of the
Tender Offer.
Goldman Sachs & Co. LLC is acting as the dealer manager for
the Tender Offer. The information agent and tender agent is D.F.
King & Co., Inc. Copies of the Offer to Purchase, the Notice of
Guaranteed Delivery and related tender offering materials are
available at www.dfking.com/cde or by contacting D.F. King &
Co., Inc. at (866) 751-6309 (toll free) or (212) 269-5550 (collect)
or by email at cde@dfking.com. Questions regarding the Tender Offer
should be directed to Goldman Sachs & Co. LLC at (800)
828-3182.
None of the Company, the dealer manager, the information agent
and tender agent, or the trustee for the Notes, or any of their
respective affiliates, is making any recommendation as to whether
holders of the Notes should tender any Notes in response to the
Tender Offer. Holders of the Notes must make their own decision as
to whether to tender any of their Notes and, if so, the principal
amount of Notes to tender. This announcement is for informational
purposes only and does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offering, solicitation or sale would be unlawful. The
Tender Offer is being made solely by means of the Offer to
Purchase. In those jurisdictions where the securities, blue sky or
other laws require any tender offer to be made by a licensed broker
or dealer, the Tender Offer will be deemed to be made on behalf of
the Company by the dealer manager or one or more registered brokers
or dealers licensed under the laws of such jurisdiction.
About Coeur Mining, Inc.
Coeur Mining, Inc. is a well-diversified, growing precious
metals producer with five precious metals mines in the Americas
employing approximately 2,000 people. Coeur produces from its
wholly-owned operations: the Palmarejo silver-gold complex in
Mexico, the Rochester silver-gold mine in Nevada, the Kensington
gold mine in Alaska, the Wharf gold mine in South Dakota, and the
San Bartolomé silver mine in Bolivia. The Company also has a
non-operating interest in the Endeavor mine in Australia. In
addition, the Company owns the La Preciosa project in Mexico, a
silver-gold exploration stage project. Coeur conducts exploration
activities in North and South America.
Note Regarding Forward-Looking Statements
The statements contained in this release that are not purely
historical are forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, including without limitation, statements
regarding the Company’s intentions, expectations or beliefs
regarding the Tender Offer. The Company’s current expectations and
beliefs are expressed in good faith and the Company believes there
is a reasonable basis for them. There can be no assurance, however,
that future developments affecting the Company will be those that
the Company has anticipated. These forward-looking statements
involve a number of risks, uncertainties (some of which are beyond
the Company’s control) or other assumptions that may cause actual
results to be materially different from those expressed or implied
by such forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required under applicable law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170519005261/en/
Coeur Mining, Inc.104 S. Michigan Avenue, Suite 900Chicago,
Illinois 60603Attention: Courtney Lynn, Vice President, Investor
Relations and TreasurerPhone: (312) 489-5800
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