Capstone Copper announces US$500M senior notes offering

Grafa03-20

Capstone Copper (ASX:CSC) has launched an offering of US$500 million ($793.4 million) in senior unsecured notes due 2033.

The final terms, including the aggregate principal amount and interest rate, will be determined at pricing based on market conditions.

The notes will be senior unsecured obligations of Capstone and will be guaranteed by its subsidiaries that back the company's senior secured revolving credit facility.

Interest will accrue from the issue date and be payable semi-annually.

Capstone plans to use the proceeds to repay project financing debt at its Mantoverde subsidiary, reduce debt on its senior secured revolving credit facility, and support general corporate purposes.

In Canada, the notes will be sold privately under specific prospectus exemptions.

The offering is not registered under the Securities Act, and the notes cannot be sold in the US without proper registration or an applicable exemption.

Capstone Copper, headquartered in Vancouver, operates copper mines across the Americas, including in the US, Mexico, and Chile.

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