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Coeur Mining announces results from 5 7/8% notes tender offer
Chicago, Feb. 26 – Coeur Mining, Inc. announced the results and the expiration of its tender offer for any and all of its $230 million outstanding 5 7/8% senior notes due 2024, according to a news release.
As of the expiration time, $102,817,000 of the notes were validly tendered (44.7%) and an additional $396,000 principal amount remain subject to guaranteed delivery procedures (0.17%).
The company will accept all notes tendered for payment and will make that payment on March 1 and for the notes tendered via guaranteed delivery on March 3.
The payment is subject to the completion of the debt financing transaction.
The company plans, after the tender offer, to redeem any 2024 notes not tendered at 102.938 plus interest up to the redemption date.
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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