Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that, as of November 16, 2016, it completed its previously announced at-the-market (“ATM”) common equity offering program. The Company issued 17,691,094 shares of common stock for gross proceeds of $200 million.
The Company plans to use the net proceeds from the ATM offering to redeem $190 million aggregate principal amount of its 7.875% Senior Notes due 2021 (the “Notes”) of which there was approximately $368 million aggregate principal amount outstanding as of November 15, 2016. The redemption date will be December 16, 2016. The “make-whole premium” redemption price will be calculated in accordance with the terms and conditions of the Notes. Interest on the Notes called for redemption will cease to accrue on and after the redemption date.