All amounts in US$ unless otherwise indicated
VANCOUVER, British Columbia--BUSINESS WIRE--
Capstone Copper Corp. ("Capstone" or the "Company") (TSX:CS) (ASX:CSC) announces that it has successfully completed the pricing of its offering (the "Offering") of $600 million aggregate principal amount of 6.750% senior notes due 2033 (the "Notes"). The offering was upsized from the previously announced $500 million in aggregate principal amount. The issue price of the Notes is 100.000%.
Interest on the Notes will accrue from the issue date at a rate of 6.750% per annum and will be payable semi-annually. Settlement is expected to take place on or about March 25, 2025, subject to customary conditions precedent. The Notes will be senior unsecured obligations of the Company and will be guaranteed by each of the Company's subsidiaries that guarantees its senior secured revolving credit facility.
The Company intends to apply the gross proceeds from the sale of the
