IVPAF - Ivanhoe Mines readies $500M convertible senior notes offering
Ivanhoe Mines (IVPAF) commenced a private placement offering of $500M principal amount of convertible senior notes due 2026.Initial purchasers granted an option to purchase up to an additional $75M principal amount of notes, exercisable in whole or in part at any time until 13 days after offer close.Notes will accrue interest payable semi-annually in arrears and will mature on April 15, 2026 unless earlier repurchased, redeemed or converted.Net proceeds will be used for general corporate purposes.Interest rate, initial conversion rate and other terms of the notes will be determined at the time of offer pricing.
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Ivanhoe Mines readies $500M convertible senior notes offering