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LONDON - Endeavour Mining plc (LSE:EDV, (TSX:EDV), OTCQX:EDVMF), a significant player in the gold mining industry, has priced its offering of $500 million in 5-year senior notes due 2030. The notes, part of the company’s refinancing strategy, will carry an annual interest rate of 7.000%, payable semi-annually. The settlement is anticipated around May 28, 2025, with a maturity date of May 28, 2030.
The proceeds from the notes, along with available cash, are intended to finance the purchase of the company’s existing $500 million 5.000% senior notes due 2026. This action is in conjunction with a cash tender offer, both efforts aimed at extending the maturity of Endeavour’s current debt and enhancing financial flexibility.
Endeavour Mining operates across West Africa, with a presence in Senegal, Côte d’Ivoire, and Burkina Faso. The company is recognized for its commitment to responsible mining practices and its contributions to the communities where it operates.
The offering of the senior notes is not available to retail investors in the European Economic Area or the United Kingdom (TADAWUL:4280), and no key information document has been prepared for these investors as per the relevant regulations. The notes and guarantees have not been registered under the U.S. Securities Act of 1933 or any other jurisdiction, and any offer in the United States would require registration or an exemption from registration.
This announcement contains forward-looking statements regarding the company’s intentions with the offering and is directed at persons with professional experience in investment matters. The completion of the notes offering and the terms upon which it is completed cannot be assured.
Investors and stakeholders should note that the information provided is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy the notes.
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