https://www.miningweekly.com

Hudbay upsizes offering to $600m

10th September 2020

By: Creamer Media Reporter

     

Font size: - +

Metals miner Hudbay Minerals has priced an upsized offering of $600-million aggregate principal amount of 6.125% senior notes due 2029.

The size of the offering was increased from the previously announced $500-million aggregate principal amount.

The new notes, expected to close on September 23, will be issued at 100% of their principal amount, providing the company with gross proceeds of $600-million.

Hudbay says it will use the net proceeds from the offering to fund the redemption of all of its outstanding $400-million aggregate principal amount of 7.250% senior notes due 2023, pay any related premium, costs and expenses and for general corporate purposes.

Hudbay also announced the redemption of all of the 2023 notes on the terms, and subject to the conditions set forth, in the redemption notice dated September 9.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.757s - 114pq - 2rq
Subscribe Now