By Angela McDaniels
Tacoma, Wash., Sept. 20 – Minera Mexico, SA de CV priced $1 billion of 4½% senior notes (Baa2/BBB+/BBB+) due 2050, according to an 8-K filing with the Securities and Exchange Commission.
The proceeds of the Rule 144A and Regulation S offering are expected to be used to finance Minera Mexico’s growth capital expenditures program, for other capital expenditures and for general corporate purposes.
Minera Mexico is a mining company based in Mexico City and a subsidiary of Southern Copper Corp., which is a mining, smelting, refining and exploration company based in Phoenix.
| Issuer: | Minera Mexico, SA de CV
|
| Issue: | Senior notes
|
| Amount: | $1 billion
|
| Maturity: | 2050
|
| Coupon: | 4½%
|
| Pricing date: | Sept. 19
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB+
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
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