Endeavour Mining completes $500M senior notes offering
Published: 15:50 29 May 2025 EDT
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has completed its previously announced offering of $500 million in 7% senior notes due 2030, as part of a broader refinancing strategy.
The proceeds will be used to finance the purchase of the company’s outstanding 5% senior notes due 2026 that were validly tendered under a concurrent cash tender offer, and to cover related fees and expenses.
As of the expiration deadline on May 28, Endeavour had received valid tenders for $464.3 million in aggregate principal of the 2026 notes, including $214,000 tendered through guaranteed delivery procedures.
The company said it expects to settle the tender offer by the end of May.
Following the tender offer, $35.7 million in principal of the 2026 notes will remain outstanding. Endeavour said it plans to redeem those remaining notes in full, although no formal notice of redemption has yet been issued.
