Coeur Mining, Inc. Announces Expiration of Tender Offer for its Outstanding 7.875% Senior Notes Due 2021

http://investors.coeur.com/Cache/1500100134.PDF?Y=&O=PDF&D=&FID=1500100134&T=&IID=4349317

Chicago, Illinois – May 25, 2017 – Coeur Mining, Inc. (NYSE: CDE) (the “Company”) announced today that its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 7.875% senior notes due 2021 (the “2021 Notes”) expired at 5:00 p.m., New York City time, on May 25, 2017 (the “Expiration Time”). As of the Expiration Time, $117,946,000 aggregate principal amount of the 2021 Notes (or 66.26% of the total aggregate principal amount of the 2021 Notes outstanding) were validly tendered, which excludes $282,000 aggregate principal amount of the 2021 Notes (or 0.16% of the total aggregate principal amount of the 2021 Notes outstanding) that remain subject to the guaranteed delivery procedures set forth in the Company’s Offer to Purchase, dated May 19, 2017 (the “Offer to Purchase”). The Company expects to accept for payment all such 2021 Notes validly tendered and not validly withdrawn in the Tender Offer and expects to make payment for the 2021 Notes on May 31, 2017, subject to the closing of the Company’s previously announced debt financing transaction and the satisfaction or waiver by the Company of the other conditions listed in the Offer to Purchase. Following the consummation of the Tender Offer, the Company intends to redeem any 2021 Notes not validly tendered and purchased in the Tender Offer, at a redemption price equal to 103.938% of the principal amount redeemed, plus any accrued and unpaid interest to the redemption date.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s