Silvercorp Metals announces $130M convertible senior notes offering

seekingalpha11-20

Silvercorp Metals (NYSE:SVM) has commenced a private placement offering of $130M aggregate principal amount of convertible senior notes due 2029. The company intends to grant the initial purchasers of...

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The company intends to grant the initial purchasers of...</p>\n\n<a href=\"https://seekingalpha.com/news/4309171-silvercorp-metalsannounces-130-mconvertibleseniornotesoffering\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SVM","symbol_name":"希尔威","start_time":0,"source_url":"https://seekingalpha.com/news/4309171-silvercorp-metalsannounces-130-mconvertibleseniornotesoffering","article_id":"2484934902","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484934902","pubTimestamp":1732051762,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Silvercorp Metals  has commenced a private placement offering of $130M aggregate principal amount of convertible senior notes due 2029. The company intends to grant the initial purchasers of the notes an option to purchase up to an additional $20M aggregate principal amount of notes, exercisable in whole or in part at any time until 20 days after the closing of the offering.  The notes will accrue interest payable semi-annually in arrears and will mature on December 15, 2029, unless earlier repurchased, redeemed or converted. The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering. The company intends to use the net proceeds from the offering for the construction of copper-gold mining projects outside of China, for the exploration and development of other projects and for working capital. Shares of Silvercorp Metals dropped 13.6% in after hours trading on Tuesday.  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