Mar. 25 at 5:15 PM
$NGD 3/23/2026 7:31am
07:31 AM EDT, 03/23/2026 (MT Newswires) -- Coeur Mining (CDE) said Monday it has launched a private exchange offer for
$400 million of New Gold's 6.875% senior notes due 2032.
In connection with the exchange offers, the company is also seeking consents to amend the governing indentures of the existing notes, including removing substantially all restrictive covenants and certain events of default, the company said.
The company is offering a premium for securities tendered before the early participation date of April 3, with the offers set to expire on April 20, Cour Mining said.
Holders tendering each
$1000 of notes by the early participation date will receive
$950 in new notes, a
$50
early participation premium, and
$2 in cash, the company said.
The exchange offer is expected to settle on or about April 22, subject to customary conditions, Coeur Mining said.
