ARIS MINING ANNOUNCES LAUNCH OF US$400 MILLION SENIOR NOTES OFFERING TO FUND REDEMPTION OF OUTSTANDING 6.875% SENIOR NOTES
Aris Mining (TSX: ARIS) (NYSE-A: ARMN) has announced the launch of a US$400 million Senior Notes offering due 2029. The company intends to use the net proceeds to fund the redemption of its outstanding 6.875% Senior Notes due 2026 and for working capital and general corporate purposes. Aris Mining will issue a conditional notice of redemption for the 2026 Notes, subject to the successful completion of the new offering.
The Notes will be offered and sold in the United States to qualified institutional buyers under Rule 144A of the Securities Act, and to non-U.S. persons outside the United States under Regulation S. In Canada, the Notes will be offered on a private placement basis. The offer and sale of the Notes will not be registered under the Securities Act, and they may not be offered or sold in the U.S. without registration or an applicable exemption.
Aris Mining (TSX: ARIS) (NYSE-A: ARMN) ha annunciato il lancio di un'offerta di obbligazioni senior da 400 milioni di dollari USA con scadenza nel 2029. L'azienda intende utilizzare i proventi netti per finanziare il rimborso delle sue obbligazioni senior del 6,875% in scadenza nel 2026 e per scopi di capitale circolante e aziendali generali. Aris Mining emetterà un avviso di rimborso condizionale per le obbligazioni del 2026, soggetto al completamento con successo della nuova offerta.
Le obbligazioni saranno offerte e vendute negli Stati Uniti a compratori istituzionali qualificati ai sensi della Regola 144A della Securities Act, e a soggetti non statunitensi al di fuori degli Stati Uniti ai sensi del Regolamento S. In Canada, le obbligazioni saranno offerte su una base di collocamento privato. L'offerta e la vendita delle obbligazioni non saranno registrate ai sensi della Securities Act e non potranno essere offerte o vendute negli Stati Uniti senza registrazione o un'esenzione applicabile.
Aris Mining (TSX: ARIS) (NYSE-A: ARMN) ha anunciado el lanzamiento de una oferta de Bonos Senior por 400 millones de USD con vencimiento en 2029. La compañía pretende usar los ingresos netos para financiar el reembolso de sus Bonos Senior del 6.875% con vencimiento en 2026 y para capital de trabajo y fines corporativos generales. Aris Mining emitirá un aviso de reembolso condicionado para los Bonos del 2026, sujeto a la finalización exitosa de la nueva oferta.
Los Bonos se ofrecerán y venderán en Estados Unidos a compradores institucionales calificados bajo la Regla 144A de la Ley de Valores, y a personas no estadounidenses fuera de los Estados Unidos bajo la Regulación S. En Canadá, los Bonos se ofrecerán en forma privada. La oferta y venta de los Bonos no estarán registradas bajo la Ley de Valores y no se podrán ofrecer ni vender en EE. UU. sin registro o una exención aplicable.
Aris Mining (TSX: ARIS) (NYSE-A: ARMN)는 2029년 만기의 4억 달러 규모의 선순위 채권 발행을 발표했습니다. 회사는 순수익을 사용하여 2026년 만기 6.875% 선순위 채권의 상환 자금으로 사용하고 운영 자금 및 일반 기업 목적으로 사용할 계획입니다. Aris Mining은 새로운 공모의 성공적인 완료에 따라 2026년 채권에 대한 조건부 상환 통지를 발행할 것입니다.
채권은 미국에서 자격이 있는 기관 투자자에게 증권법 144A 조항에 따라 제공 및 판매되며, 미국 외의 비미국인에게는 규정 S에 따라 제공됩니다. 캐나다에서는 채권이 사모 방식으로 제공될 것입니다. 채권의 제안 및 판매는 증권법에 따라 등록되지 않으며, 미국에서 등록 또는 적용 가능한 면제 없이 제공되거나 판매될 수 없습니다.
Aris Mining (TSX: ARIS) (NYSE-A: ARMN) a annoncé le lancement d'une offre de billets senior de 400 millions USD arrivant à échéance en 2029. La société prévoit d'utiliser le produit net pour financer le remboursement de ses billets senior de 6,875% arrivant à échéance en 2026 et pour des besoins de fonds de roulement et des fins générales d'entreprise. Aris Mining émettra un avis de remboursement conditionnel pour les billets de 2026, soumis à la réussite de la nouvelle offre.
Les billets seront offerts et vendus aux États-Unis à des acheteurs institutionnels qualifiés selon la règle 144A de la loi sur les valeurs mobilières, et à des personnes hors des États-Unis selon le règlement S. Au Canada, les billets seront offerts sur une base de placement privé. L'offre et la vente des billets ne seront pas enregistrées en vertu de la loi sur les valeurs mobilières et ne pourront pas être offertes ou vendues aux États-Unis sans enregistrement ou exemption applicable.
Aris Mining (TSX: ARIS) (NYSE-A: ARMN) hat die Emission von Senior Notes im Wert von 400 Millionen US-Dollar mit Fälligkeit 2029 angekündigt. Das Unternehmen hat vor, die Nettomittel für die Rückzahlung seiner ausstehenden 6,875% Senior Notes, die 2026 fällig werden, sowie für Betriebskapital und allgemeine Unternehmenszwecke zu verwenden. Aris Mining wird eine bedingte Rückzahlungsankündigung für die 2026er Notes herausgeben, vorbehaltlich des erfolgreichen Abschlusses des neuen Angebots.
Die Notes werden in den Vereinigten Staaten an qualifizierte institutionelle Käufer gemäß Regel 144A des Wertpapiergesetzes angeboten und verkauft, sowie an Nicht-US-Personen außerhalb der Vereinigten Staaten gemäß Regelung S. In Kanada werden die Notes im Rahmen einer Privatplatzierung angeboten. Das Angebot und der Verkauf der Notes werden nicht unter dem Wertpapiergesetz registriert, und sie dürfen in den USA ohne Registrierung oder eine geltende Ausnahme nicht angeboten oder verkauft werden.
- Launch of a US$400 million Senior Notes offering, potentially improving the company's debt structure
- Intention to redeem outstanding 6.875% Senior Notes due 2026, which may lead to more favorable financing terms
- Increase in long-term debt with the new US$400 million Senior Notes offering
- Potential risks associated with unregistered securities offering
Insights
Aris Mining's announcement of a
The new Notes, due 2029, provide a longer runway for the company to manage its debt obligations. However, the success of this offering will depend on market conditions and investor appetite. The private placement nature of the offering in the U.S. and Canada indicates a targeted approach to institutional and qualified investors, which could result in a more stable debt structure.
For investors, this move signals Aris Mining's proactive approach to debt management, which could positively impact the company's financial health in the long term. However, the overall impact on the company's balance sheet and cash flow will depend on the final terms of the new Notes compared to the existing debt.
The structured approach to this debt offering demonstrates Aris Mining's compliance with complex securities regulations. The company is carefully navigating the legal landscape by offering the Notes under Rule 144A and Regulation S in the U.S. and through private placement in Canada. This strategy allows Aris Mining to access capital markets while avoiding the more stringent requirements of a public offering.
The conditional notice of redemption for the 2026 Notes is a prudent legal move, protecting the company from potential complications if the new offering doesn't proceed as planned. It's important to note that this offering is not registered under the Securities Act, which limits the potential investor base but simplifies the issuance process.
Investors should be aware that these unregistered securities come with resale restrictions, potentially affecting liquidity. The company's explicit statement about the limitations on offers and sales is a necessary legal disclosure, protecting Aris Mining from potential regulatory issues.
Pursuant to the terms of the indenture governing the 2026 Notes, the Company will issue a conditional notice of redemption to redeem the outstanding 2026 Notes, which redemption will be conditional upon the successful completion of the offering of the Notes.
The Notes will be offered and sold in
The offer and sale of the Notes will not be registered under the Securities Act and the Notes may not be offered or sold in
About Aris Mining
Aris Mining is a gold producer in the
Aris Mining promotes the formalization of traditional miners into contract mining partners as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
Forward-Looking Information
This news release contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian and
Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's Annual Information Form dated March 6, 2024 which is available on SEDAR+ at www.sedarplus.ca and in the Company's filings with the SEC at www.sec.gov. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Aris Mining Corporation
FAQ
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