Coeur d'Alene to redeem all $1.86 million 1.25% convertibles due 2024

By Devika Patel

Knoxville, Tenn., Dec. 10 - Coeur d'Alene Mines Corp. said it will redeem all $1,859,000 of its outstanding 1.25% convertible senior notes due 2024 at par plus interest to Jan. 21, the redemption date.

Holders may put the convertibles on Jan. 18 at par plus interest to Jan. 14. If they do not exercise this option by 5 p.m. ET on Jan. 14, their notes will be redeemed on the redemption date.

The notes also may be converted up to 5 p.m. ET on Jan. 19. The current conversion price is $76.00 per common share, and the Dec. 10 closing price of the shares was $26.46 (NYSE: CDE). Each $1,000 of notes is convertible into 13 shares plus cash in lieu of 0.1579 fractional shares.

The Bank of New York Mellon is the trustee, paying agent and conversion agent.

Coeur d'Alene Mines is a silver and gold producer based in Coeur d'Alene, Idaho.

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