The Conversation (0)
First Majestic announces Exercise and Closing of Over-Allotment Option
Feb. 15, 2018 08:58AM PST
Silver InvestingFirst Majestic Silver (TSX:FR)(NYSE:AG)(Frankfurt:FMV) (“First Majestic” or the “Company”) announced today the issuance of US$6.5 million aggregate principal amount of 1.875% unsecured convertible senior notes due 2023 (the “Over-Allotment Notes”) pursuant to the exercise in part of the over-allotment option granted to the initial purchasers in connection with the previously announced offering of US$150 million …
First Majestic Silver (TSX:FR)(NYSE:AG)(Frankfurt:FMV) (“First Majestic” or the “Company”) announced today the issuance of US$6.5 million aggregate principal amount of 1.875% unsecured convertible senior notes due 2023 (the “Over-Allotment Notes”) pursuant to the exercise in part of the over-allotment option granted to the initial purchasers in connection with the previously announced offering of US$150 million aggregate principal amount of 1.875% unsecured convertible senior notes due 2023 (the “Initial Notes”) which closed on January 29, 2018.
The Over-Allotment Notes have the same terms as the Initial Notes, including an initial conversion rate of 104.3297 common shares (“Shares”) per US$1,000 principal amount of Over-Allotment Notes, equivalent to an initial conversion price of approximately US$9.59 per Share.
This news release is neither an offer to sell nor the solicitation of an offer to buy the Over-Allotment Notes or any other securities and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Over-Allotment Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.