Hochschild Mining PLC Pricing of $350m of 7.875% of Senior Notes (7986X)
January 16 2014 - 2:02AM
UK Regulatory
TIDMHOC
RNS Number : 7986X
Hochschild Mining PLC
16 January 2014
15 January 2014
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER
OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR THE NOTES IN THE
UNITED STATES (SUCH TERM TO BE UNDERSTOOD THROUGHOUT THIS
ANNOUNCEMENT AS INCLUDING THE UNITED STATES' TERRITORIES AND
POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF
COLUMBIA) OR ANY JURISDICTION IN WHICH SUCH AN OFFER OR
SOLICITATION IS UNLAWFUL. IN PARTICULAR, THE NOTES REFERRED TO IN
THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER
THE SECURITIES ACT OF 1933 (THE "SECURITIES ACT") OR UNDER THE
SECURITIES LEGISLATION OF ANY STATE OF THE UNITED STATES, AND MAY
NOT BE OFFERED, SOLD, RESOLD OR DELIVERED, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES ABSENT REGISTRATION EXCEPT PURSUANT TO
AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME
WOULD BE UNLAWFUL.
Hochschild Announces Pricing of $350 million of 7.875% Senior
Notes due 2021
Hochschild Mining plc is pleased to announce that its wholly
owned subsidiary, Compañía Minera Ares S.A.C. has today agreed on
pricing of an issuance of $350 million aggregate principal amount
of 7.875% Senior Notes due 2021 (the "notes").
The net proceeds from the sale of the notes will be used to
repay the outstanding borrowings under the Bridge Facility (the
"Bridge") in full, plus accrued and unpaid interest, and to pay
related fees and expenses. The remaining proceeds will be used for
general corporate purposes.
$270.0 million of indebtedness under the Bridge has been
incurred in order to finance, in part, the purchase price, fees and
expenses associated with the previously announced acquisition of
International Minerals Corporation, completed on 20 December
2013.
____________________________________________________________________________
Enquiries
Hochschild Mining plc
Charles Gordon +44 (0)20 7907 2934
Head of Investor Relations
RLM Finsbury
Charles Chichester +44 (0)20 7251 3801
Public Relations
____________________________________________________________________________
About Hochschild Mining plc
Hochschild Mining plc is a leading precious metals company
listed on the London Stock Exchange (HOCM.L / HOC LN) with a
primary focus on the exploration, mining, processing and sale of
silver and gold. Hochschild has almost fifty years' experience in
the mining of precious metal epithermal vein deposits and currently
operates four underground epithermal vein mines, three located in
southern Peru and one in southern Argentina. Hochschild also has
numerous long term projects throughout the Americas.
This information is provided by RNS
The company news service from the London Stock Exchange
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