November 1, 2024
Aris Mining Corp. (TSX:ARIS, BUY, C$14.00 target, Taylor Combaluzier) has completed its upsized offering of 8% senior notes due on October 31, 2029, for an aggregate principal amount of US$450M. The net proceeds are expected to be used for the redemption of its outstanding 6.875% senior notes (US$300M) on November 20, 2024, and for working capital and general corporate purposes. After the redemption and transaction costs, we expect ~US$131M to be added to Aris’ balance sheet. The cash raised bolsters the company’s cash reserves as it undertakes expansions at Segovia and Marmato. Read more
Company Specific Disclosure Details
Aris Mining Corp. – TSX:ARIS – 1,2
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