Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) announced that it has priced $500 million in fixed-rate senior notes due in 2030 as part of its refinancing strategy.
The notes will bear interest at 7% per annum, payable semi-annually, and are expected to settle on or around May 28, 2025. They are scheduled to mature on May 28, 2030.
The proceeds from the offering, along with cash on hand, will be used to fund the repurchase of Endeavour’s outstanding $500 million 5% senior notes due in 2026 through a concurrent cash tender offer and to cover related fees and expenses.
Endeavour Mining is a major gold producer in West Africa, with operations in Senegal, Côte d’Ivoire, and Burkina Faso.