Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has announced the pricing of a US$500 million offering of fixed rate senior notes due 2030.
The notes will carry an interest rate of 7% per annum, payable semi-annually. And, it expects the notes to settle on or around 28 May.
As previously announced, proceeds from the issue, combined with cash on hand, will be used to finance the repurchase of any and all of its US$500 million senior notes due 2026.
Endeavour launched a cash tender offer for these existing notes alongside the new offering.