Coeur Mining, Inc. to Offer Senior Notes
May 19 2017 - 6:45AM
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, $250,000,000 of Senior Notes due 2024
(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 Offering to pay the purchase price and
tender premium for up to all $178.0 million aggregate principal
amount of its 7.875% Senior Notes due 2021 (the “2021 Notes”) that
are validly tendered (and not validly withdrawn) by holders and
accepted by the Company in connection with the cash tender offer
that it commenced on May 19, 2017 (the “Concurrent Tender Offer”),
to pay the redemption price to redeem any of the 2021 Notes that
are not so tendered in the Concurrent Tender Offer and to pay the
fees and expenses in connection with the Offering, the Concurrent
Tender Offer and any redemption of the 2021 Notes. To the extent
that the Company has excess proceeds from the Offering, the Company
intends to use such excess amounts for general corporate
purposes.
The 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
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. Upon the closing of the offering of the Notes, the
Company, the guarantors of the Notes and the initial purchaser will
enter into a registration rights agreement pursuant to which the
Company and the guarantors will agree to file a registration
statement with respect to an offer to exchange the Notes for a new
issue of Notes of the same series registered under the Securities
Act.
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 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 or
information within the meaning of securities legislation in the
United States and Canada, including, among others, (i) Coeur’s
intention to offer the Notes, subject to market and other
conditions and (ii) Coeur’s intention to use the proceeds of
the Offering to repurchase the 2021 Notes that are validly tendered
(and not validly withdrawn) by holders and accepted by the Company,
to pay the redemption price to redeem any of the 2021 Notes that
are not so tendered, to pay related fees and expenses in connection
with the offering, and to the extent the Company has excess
proceeds from the offering, for general corporate purposes. These
forward-looking statements and information reflect Coeur’s current
views with respect to future events and are necessarily based upon
a number of assumptions that, while considered reasonable, are
inherently subject to significant operational, business, economic,
market and regulatory uncertainties and contingencies. These
assumptions include the timing and success of the Offering, the
tender offer and the satisfaction of customary closing conditions
in a timely manner or at all. The foregoing list of assumptions is
not exhaustive. Such forward-looking statements and information
also involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements
or information. Such factors include, among others, the
uncertainties and risk factors set out in filings made from time to
time with the SEC, and the Canadian Securities regulators,
including, without limitation, Coeur’s most recent 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
or information. Coeur disclaims any intent or obligation to update
publicly such forward-looking statements or information, whether as
a result of new information, future events or otherwise, except to
the extent required by applicable law. Additionally, Coeur
undertakes no obligation to comment on analyses, expectations or
statements made by third parties in respect of the content of this
news release.
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version on businesswire.com: http://www.businesswire.com/news/home/20170519005267/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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