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Published on 9/17/2020 in the Prospect News Canadian Bonds Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

First Quantum to repay $575 million under revolver, notes due 2022

By Taylor Fox

New York, Sept. 17 – First Quantum Minerals Ltd. plans to repay $575 million under its existing revolving credit facility and redeem $425 million of its senior notes due 2022, according to a news release.

The repayment and redemption will be funded using proceeds from the sale of $1 billion senior notes due 2027.

The copper producer is based in Vancouver, B.C.


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