Settlement Scheduled for 22nd April
On 21st April 2026, Coeur Mining, Inc. announced the successful completion of its private exchange offer for New Gold Inc.’s senior notes. Scheduled for 22nd April 2026, the settlement date marks a significant milestone in Coeur’s financial strategy.
In this exchange, Coeur swapped US$385,800,000 worth of New Gold’s 6.875% Senior Notes due 2032. Its offer included equivalent new notes valued at US$385,774,000 and approximately US$771,600 in cash. This strategic financial maneuver was designed to optimise Coeur’s balance sheet and liquidity.
By the 20th April 2026 expiration date, eligible holders had tendered US$500,000 of the existing notes after the early participation date but before expiration. Overall, approximately 96.45% of the outstanding notes were exchanged, demonstrating strong participation from noteholders.
RBC Capital Markets, LLC played a crucial role as the Dealer Manager, while Global Bondholder Services Corporation acted as the information and exchange agent. This transaction was carried out under the terms of the exchange offer memorandum and consent solicitation statement dated March 23, 2026.
Coeur’s new notes have not been registered under the Securities Act of 1933. Therefore, they cannot be offered or sold in the United States without proper registration or an applicable exemption under state securities laws.
Listed on both NYSE and TSX under the symbol CDE, Coeur Mining is a U.S.-based company known for its diverse and expanding operations in precious metals. The company operates seven wholly-owned mines, including the New Afton gold-copper mine in British Columbia and the Rainy River gold-silver mine in Ontario.
As a result of this financial initiative, Coeur aims to optimise its financial structure. The company continues to focus on strengthening its balance sheet and enhancing its liquidity position. This move reflects Coeur’s commitment to financial growth and stability, ensuring it remains a key player in the mining industry.
