Coeur d’Alene Mines to Offer Senior Notes
January 24 2013 - 9:05AM
Business Wire
Coeur d’Alene Mines Corporation (the “Company” or “Coeur”)
(NYSE: CDE; TSX: CDM) today announced its intention to offer,
subject to market and other conditions, U.S. $200,000,000 of Senior
Notes due 2021 (the “Notes”). The Notes will be fully and
unconditionally guaranteed by certain of the Company’s
subsidiaries. The Company intends to use the net proceeds from the
Notes offering to fund internal and external growth initiatives and
for general corporate purposes, which may include repurchasing
3.25% Convertible Senior Notes due 2028 that are put to the Company
at or after March 15, 2013.
The Notes will 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 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 press release shall not constitute an offer to sell or a
solicitation of an offer to purchase the 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 press 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 its Notes,
subject to market and other conditions and (ii) Coeur’s intention
to use the proceeds of the offering to fund internal and external
growth initiatives and for general corporate purposes, which may
include repurchasing 3.25% Convertible Senior Notes due 2028 that
are put to Coeur at or after March 15, 2013.
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. Such factors include,
among others, the risks and hazards inherent in the mining business
(including environmental hazards, industrial accidents, weather or
geologically related conditions), changes in the market prices of
gold and silver, the uncertainties inherent in Coeur’s production,
exploratory and developmental activities, including risks relating
to permitting and regulatory delays and disputed mining claims, any
future labor disputes or work stoppages, the uncertainties inherent
in the estimation of gold and silver ore reserves, 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, 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 reports on Form 10-K and Form 10-Q. 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.
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