Coeur Mining begins cash tender offer on 5 7/8% notes due 2024

By Taylor Fox

New York, Feb. 22 – Coeur Mining, Inc. commenced a cash tender offer to purchase any and all of its $230 million outstanding 5 7/8% senior notes due 2024, according to a news release.

Holders of the notes who validly tender notes prior to the expiration time, or who deliver to the depositary and information agent a notice of guaranteed delivery, will receive in cash $1,029.38 per $1,000 of notes, plus interest.

The offer is subject to the satisfaction or waiver of a number of conditions including the receipt of proceeds from a proposed debt financing generating proceeds, together with cash on hand, if needed, in an amount sufficient to effect the repurchase of all the notes validly tendered and accepted for purchase.

Any notes remaining outstanding after the purchase will be redeemed.

Tendered notes may be withdrawn at any time until the expiration date.

The offer will expire at 5 p.m. ET on Feb. 26.

The settlement date is expected to be March 1.

Goldman Sachs & Co. LLC (800 828-3182) is the dealer manager, and D.F. King & Co., Inc. (800 859-8509, 212 269-5550; cde@dfking.com) is the information and tender agent.

Coeur Mining is a Chicago-based precious metals mining company.

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