First Majestic buys $125.2 million, calls remaining 2023 convertibles

By Devika Patel

Knoxville, Tenn., Dec. 2 – First Majestic Silver Corp. has redeemed about $125.2 million of its 1.875% convertible notes due 2023 using funds from a Nov. 29 sale of 0.375% five-year convertibles, according to a 6-K filing with the Securities and Exchange Commission.

The company has called the remaining roughly $31.3 million of 2023 convertibles on Dec. 30.

First Majestic is a Vancouver, B.C.-based silver and gold mining company.

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