First Quantum Minerals Announces Results of Cash Tender Offer to Purchase Any and All of Its Outstanding 6.875% Senior Notes Due 2027
(In United States dollars, except where noted otherwise)
TORONTO, Aug. 19, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced the results of its previously announced offer to purchase for cash (the "Tender Offer") any and all of its outstanding 6.875% Senior Notes due 2027 (the "Notes") from holders of the Notes ("Holders"), as further described in the offer to purchase (as amended and/or supplemented, the "Offer to Purchase") and the related Notice of Guaranteed Delivery, each dated August 6, 2025, and as previously announced on August 6, 2025.
As announced on August 6, following the upsizing and pricing of the New Notes, the Company announced that it extended the Price Determination Date, the Expiration Date, the Guaranteed Delivery Date and the Settlement Date in respect of the Tender Offer. Following such extension, the Tender Offer expired at 5:00 p.m., New York City time, on August 18, 2025 (the "Expiration Date"). The deadline for delivery of Notes tendered according to the guaranteed delivery procedures, as described in the Offer to Purchase is 5:00 p.m., New York City time, on August 20, 2025. The Tender Offer was made upon the terms and conditions set out in in the Offer to Purchase and the related Notice of Guaranteed Delivery.
The Company announces that $714,625,000.00 aggregate principal amount of the Notes were validly tendered and not withdrawn at or prior to the Expiration Date and will be accepted for purchase by the Company. This amount includes $6,503,000.00 aggregate principal amount of Notes tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, the purchase of which by the Company remains subject to the Holders' performance of the delivery requirements under such procedures.
Notes
CUSIP number(1)
ISIN(1)
Aggregate Principal Amount Accepted(2)
Principal Amount Outstanding Following Completion of the Tender Offer(2)(3)
6.875% Senior Notes due 2027
Reg S: C3535C AM0144A: 335934 AT2
Reg S: USC3535CAM04144A: US335934AT24
$714,625,000.00
$35,375,000.00
(1) CUSIP/ISIN information is provided for the convenience of Holders of the Notes. No representation is made as to the correctness or accuracy of such numbers.
(2) Assumes that all Notes tendered pursuant to the guaranteed delivery procedures are delivered to the Tender and Information Agent at or prior to 5:00 p.m., New York City time, on August 20, 2025 and otherwise in accordance with the notice of guaranteed delivery.
(3) Subject to the Company's right to redeem any Notes not validly tendered and accepted for purchase in the Tender Offer, as further described in the Offer to purchase, including pursuant to the terms of the indenture governing the Notes, which provides that if holders of not less than 90% in aggregate principal amount of outstanding Notes validly tender and do not validly withdraw such Notes in such tender offer and the Company purchases all of the Notes ...
