CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. (NYSE: CDE) (the “Company”) announced today that its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 7.875% senior notes due 2021 (the “2021 Notes”) expired at 5:00 p.m., New York City time, on May 25, 2017 (the “Expiration Time”). As of the Expiration Time, $117,946,000 aggregate principal amount of the 2021 Notes (or 66.26% of the total aggregate principal amount of the 2021 Notes outstanding) were validly tendered, which excludes $282,000 aggregate principal amount of the 2021 Notes (or 0.16% of the total aggregate principal amount of the 2021 Notes outstanding) that remain subject to the guaranteed delivery procedures set forth in the Company’s Offer to Purchase, dated May 19, 2017 (the “Offer to Purchase”). The Company expects to accept for payment all such 2021 Notes validly tendered and not validly withdrawn in the Tender Offer and expects to make payment for the 2021 Notes on May 31, 2017, subject to the closing of the Company’s previously announced debt financing transaction and the satisfaction or waiver by the Company of the other conditions listed in the Offer to Purchase. Following the consummation of the Tender Offer, the Company intends to redeem any 2021 Notes not validly tendered and purchased in the Tender Offer, at a redemption price equal to 103.938% of the principal amount redeemed, plus any accrued and unpaid interest to the redemption date.
Goldman Sachs & Co. LLC is acting as the sole dealer manager for the Tender Offer. The information agent and tender agent is D.F. King & Co., Inc. Copies of the Offer to Purchase are available by contacting the information agent at (212) 269-5550 (banks and brokers) and at (866) 751-6309 (all others). Questions regarding the Tender Offer should be directed to Goldman Sachs & Co. LLC at (800) 828-3182 (toll free) or (212) 357-1057 (collect).
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the securities described herein or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release does not constitute a notice of redemption under the optional redemption provisions of the Indenture relating to the 2021 Notes.
Note Regarding Forward-Looking Statements
The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, including without limitation, statements regarding the Company’s intentions, expectations or beliefs regarding the Tender Offer, the Company’s previously announced debt financing transaction or any redemption of the 2021 Notes. The Company’s current expectations and beliefs are expressed in good faith and the Company believes there is a reasonable basis for them. There can be no assurance, however, that future developments affecting the Company will be those that the Company has anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law. There can be no assurance that the proposed transactions will be completed as anticipated or at all.