MP Materials to repurchase 0.25% convertibles with new note proceeds

Chicago, March 5 – MP Materials Corp. will use a $358.4 million portion of the proceeds from a new $650 million offering to repurchase existing notes, according to a press release.

The company said it will repurchase approximately $400 million principal amount of its 0.25% green convertible senior notes due 2026.

To repurchase the notes, the company entered into privately negotiated transactions with individual holders.

MP Materials is a Las Vegas-based specialty materials company.

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