Endeavour Mining to price $300 million in five-year convertible notes

By Abigail W. Adams

Portland, Me., Jan. 30 – Endeavour Mining Corp. plans to price $300 million in five-year convertible notes after the market close on Tuesday, according to a company release.

The Rule 144A and Regulation S deal carries a greenshoe of $30 million.

The notes are convertible into cash, shares or a combination of both at the company’s option.

The company will apply to have the notes listed for trade on the International Stock Exchange or another internationally recognized stock exchange or securities market no later than April 30, 2018.

The company has agreed to a 90-day lock up in connection to the offerings.

Proceeds will be used to refinance indebtedness and for general corporate purposes.

Endeavor Mining is a London-based intermediate gold producer focused on developing gold mines in West Africa with a registered office in George Town, Cayman Islands.

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