Caledonia Mining Closes $150 Million Convertible Senior Notes Offering

Reuters01-20

Caledonia Mining Closes $150 Million Convertible Senior Notes Offering

Caledonia Mining Corporation plc has announced the closing of its upsized $150 million Convertible Senior Notes offering, which includes the full exercise of the initial purchasers’ option to purchase an additional $25 million of notes. The notes carry a 5.875% cash interest coupon, payable semi-annually starting July 15, 2026, and are due to mature on January 15, 2033, unless earlier converted, redeemed, or repurchased. The notes are convertible at a price of approximately $40.51 per common share, representing a 25% premium to the last reported sale price on January 14, 2026. Caledonia has also purchased cash-settled capped call options to mitigate potential dilution, with a cap price of about $56.72. Conversions may be settled in common shares, cash, or a combination, at Caledonia’s election.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Caledonia Mining Corporation plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-000382), on January 20, 2026, and is solely responsible for the information contained therein.

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