Fortuna Silver Mines prices convertible senior notes for $150 million due 2029.

From GlobeNewswire: 2024-06-05 22:26:51

Fortuna Silver Mines Inc. has priced its offering of convertible senior notes due 2029 in an aggregate principal amount of US$150 million, with an option for an additional US$22.5 million. The Notes will bear cash interest semi-annually at a rate of 3.75% per annum, with an initial conversion rate representing a 30% premium to today’s closing sale price. The offering is expected to close around June 10, 2024, and the net proceeds will be used for various purposes, including repayment of existing debts. The Notes and the Shares issuable upon conversion have not been registered under the U.S. Securities Act.



Read more at GlobeNewswire: Fortuna Announces Pricing of Convertible Senior Notes