Coeur Mining, Inc. Announces Expiration of Tender Offer for its Outstanding 7.875% Senior Notes Due 2021
May 25 2017 - 7:30PM
Business Wire
Coeur Mining, Inc. (NYSE: CDE) (the “Company”) announced today
that its previously announced cash tender offer (the “Tender
Offer”) to purchase any and all of its 7.875% senior notes due 2021
(the “2021 Notes”) expired at 5:00 p.m., New York City time, on May
25, 2017 (the “Expiration Time”). As of the Expiration Time,
$117,946,000 aggregate principal amount of the 2021 Notes (or
66.26% of the total aggregate principal amount of the 2021 Notes
outstanding) were validly tendered, which excludes $282,000
aggregate principal amount of the 2021 Notes (or 0.16% of the total
aggregate principal amount of the 2021 Notes outstanding) that
remain subject to the guaranteed delivery procedures set forth in
the Company’s Offer to Purchase, dated May 19, 2017 (the “Offer to
Purchase”). The Company expects to accept for payment all such 2021
Notes validly tendered and not validly withdrawn in the Tender
Offer and expects to make payment for the 2021 Notes on May 31,
2017, subject to the closing of the Company’s previously announced
debt financing transaction and the satisfaction or waiver by the
Company of the other conditions listed in the Offer to Purchase.
Following the consummation of the Tender Offer, the Company intends
to redeem any 2021 Notes not validly tendered and purchased in the
Tender Offer, at a redemption price equal to 103.938% of the
principal amount redeemed, plus any accrued and unpaid interest to
the redemption date.
Goldman Sachs & Co. LLC is acting as the sole dealer manager
for the Tender Offer. The information agent and tender agent is
D.F. King & Co., Inc. Copies of the Offer to Purchase are
available by contacting the information agent at (212) 269-5550
(banks and brokers) and at (866) 751-6309 (all others). Questions
regarding the Tender Offer should be directed to Goldman Sachs
& Co. LLC at (800) 828-3182 (toll free) or (212) 357-1057
(collect).
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase the securities described
herein 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 press release
does not constitute a notice of redemption under the optional
redemption provisions of the Indenture relating to the 2021
Notes.
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 previously announced debt
financing transaction or any redemption of the 2021 Notes. 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. There can be no assurance
that the proposed transactions will be completed as anticipated or
at all.
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version on businesswire.com: http://www.businesswire.com/news/home/20170525006174/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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