Coeur d’Alene Mines Prices Private Offering of Senior Notes
January 24 2013 - 5:11PM
Business Wire
Coeur d’Alene Mines Corporation (the “Company” or “Coeur”)
(NYSE: CDE; TSX: CDM) today announced the pricing of its offering
of U.S. $300,000,000 of 7.875% Senior Notes due 2021 (the “Notes”)
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 coupon on the Notes will be 7.875% per year from the
date of issuance, payable semi-annually in arrears. The Notes will
mature on February 1, 2021. The transaction is expected to close on
or about January 29, 2013, subject to the satisfaction of various
customary closing conditions.
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 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 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 expectations regarding the
closing of the Notes offering 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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