Coeur Mining, Inc. to Offer Senior Notes
February 22 2021 - 8:23AM
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, $350,000,000 of Senior Notes due 2029
(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 $230,000,000 aggregate principal
amount of its 5.875% Senior Notes due 2024 (the “2024 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are validly tendered (and not validly withdrawn) by holders and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 February 22, 2021 (the “Concurrent Tender
Offer”), to pay the redemption price to redeem any of the 2024
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 2024 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
Company has not registered the Notes under the Securities Act or
any state securities laws and will not register the Notes under the
Securities Act or any state securities laws. The Notes will be
subject to restrictions on transferability 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 news release is being issued
pursuant to and in accordance with Rule 135c under the Securities
Act.
About Coeur
Coeur Mining, Inc. is a U.S.-based, well-diversified, growing
precious metals producer with five wholly-owned operations: the
Palmarejo gold-silver 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 Silvertip silver-zinc-lead mine in
British Columbia. In addition, the Company has interests in several
precious metals exploration projects throughout North America.
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 2024 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 2024 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 United States Securities and
Exchange Commission, and the Canadian Securities regulators,
including, without limitation, Coeur’s most recent report on Form
10-K. 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.
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. This news release does not constitute an offer of any
securities for sale.
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version on businesswire.com: https://www.businesswire.com/news/home/20210222005508/en/
For Additional Information Coeur Mining, Inc. 104 S.
Michigan Avenue, Suite 900 Chicago, Illinois 60603 Attention: Paul
DePartout, Director, Investor Relations Phone: (312) 489-5800
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