09:34:18 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



First Majestic Silver Corp
Symbol FR
Shares Issued 256,626,237
Close 2021-11-26 C$ 15.13
Market Cap C$ 3,882,754,966
Recent Sedar Documents

First Majestic arranges $200M (U.S.) note offering

2021-11-29 11:08 ET - News Release

Mr. Keith Neumeyer reports

FIRST MAJESTIC LAUNCHES OFFERING OF CONVERTIBLE SENIOR NOTES

First Majestic Silver Corp. is offering $200-million (U.S.) aggregate principal amount of unsecured convertible senior notes due 2027 pursuant to private placement exemptions. First Majestic expects to grant the initial purchasers of the notes an option to purchase up to an additional $30-million (U.S.) aggregate principal amount of notes. First Majestic intends to use the net proceeds of the offering to repurchase, in separate privately negotiated transactions, a portion of its outstanding 1.875-per-cent convertible senior notes and for general corporate purposes, including strategic opportunities.

In accordance with the terms of the existing notes, First Majestic intends to redeem, following a required 30-day notice period, any existing notes that are not converted or repurchased in conjunction with the offering.

The final terms of the offering will be determined by First Majestic and the initial purchasers. The notes will bear cash interest semi-annually at a fixed rate and be convertible by holders into First Majestic common shares. The notes will be redeemable by First Majestic at its option in certain circumstances. Holders will have the right to require First Majestic to repurchase their notes upon the occurrence of certain events.

About First Majestic Silver Corp.

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company presently owns and operates the San Dimas silver/gold mine, the Jerritt Canyon gold mine, the Santa Elena silver/gold mine and the La Encantada silver mine.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.