Hochschild Mining PLC Closing of $350 million Senior Notes Offering (4094Y)
January 23 2014 - 12:00PM
UK Regulatory
TIDMHOC
RNS Number : 4094Y
Hochschild Mining PLC
23 January 2014
23 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 Closing of $350 million Senior Notes
Offering
Hochschild Mining plc is pleased to announce the completion of
the previously announced offering of $350 million aggregate
principal amount of 7.750% Senior Notes due 2021 (the "notes") by
its wholly owned subsidiary, Compañía Minera Ares S.A.C. The notes
were offered only to qualified institutional buyers under Rule 144A
under the Securities Act and to non-U.S. persons outside the United
States in reliance on Regulation S of the Securities Act. The notes
are guaranteed by Hochschild Mining plc and certain of its
subsidiaries.
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. $270.0 million of indebtedness
outstanding under the Bridge was incurred in December 2013 in order
to finance the purchase price, fees and expenses associated with
the previously announced acquisition of International Minerals
Corporation, completed on 20 December 2013. The remaining proceeds
will be used for general corporate purposes.
____________________________________________________________________________
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
END
MSCQXLFLZFFEBBD
Hochschild Mining (LSE:HOC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hochschild Mining (LSE:HOC)
Historical Stock Chart
From Jul 2023 to Jul 2024