Endeavour Silver Corp. has priced its offering of unsecured convertible senior notes due 2031, with an aggregate principal amount of US$300 million (or US$350 million if the option is exercised). The company plans to use the net proceeds to repay its senior secured debt facility, fund the Pitarrilla project in Mexico, and for general corporate purposes. The Notes will bear cash interest semi-annually at a rate of 0.25% per annum and are expected to close on December 4, 2025. The Notes and Shares have not been registered under the U.S. Securities Act and will be offered to qualified institutional buyers in the U.S. and outside the U.S.

Endeavour Silver is a mid-tier silver producer with mines in Mexico and Peru, as well as exploration projects in Mexico, Chile, and the United States. The company stated that any forward-looking statements in the news release are qualified by a cautionary note. The completion of the Offering, proposed terms, and use of proceeds are subject to risks, uncertainties, and factors that may impact the company’s operations, production levels, and performance. Management believes in reasonable assumptions for the continued operation of mining activities, but there are factors that could cause actual results to differ from expectations.

Read more at GlobeNewswire: Endeavour Silver Prices Offering of Convertible Senior