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Financings

Repayment of Senior Unsecured Non-Convertible Debentures

By The Northwire Desk — AI Analysis Oct 31, 2025 · 17:07 III · 6.85 Imperial Metals Corporation
III · Price

Executive Summary

  • Imperial Metals fully repaid all outstanding senior unsecured non‑convertible debentures due November 1, 2025.
  • The repayment covered $34.47 million of the 2023 Debentures and $45 million of the 2024 Debentures, each with accrued interest at a 12.0% annual rate.
  • Completion of these repayments eliminates the company’s senior unsecured debt obligations, improving its balance‑sheet strength.

Key Details

  • 2023 Debentures: Principal repaid – $34,470,000; interest rate – 12.0% per annum; original issue date June 30, 2023 (amended June 2024).
  • 2024 Debentures: Principal repaid – $45,000,000; interest rate – 12.0% per annum; original issue date March 1, 2024.
  • Both sets of debentures were senior unsecured non‑convertible instruments with a maturity of November 1, 2025.
  • Repayment includes all accrued interest up to the repayment date (exact interest amounts not disclosed).
  • The full settlement removes $79.47 million of senior debt from Imperial’s capital structure.
  • Reference is made to prior news releases detailing the original issuances (June 16, 2023; February 6, 2024; June 24, 2024).

Notable Quotes

(No quotes were provided in the release.)

Read the original news release →

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