Silvercorp Metals Down 1.7% in US Premarket After Pricing US$130 Million Convertible Senior Notes Offering

MT Newswires11-21

Silvercorp Metals (TSX and NYSE American: SVM) was at last look down 1.7% in US premarket trade after earlier Thursday pricing its previously announced private placement offering of US$130 million of ...

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They will accrue interest payable semi-annually in arrears at a rate of 4.75% per annum and will mature on December 15, 2029, unless earlier repurchased, redeemed or converted. The initial conversion rate of the notes is 216.0761 common shares of the company per $1,000 principal amount of notes, or an initial conversion price of approximately US$4.63  per common share. 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