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Financings

Endeavour Silver closes $350M (U.S.) note offering

By The Northwire Desk — AI Analysis Dec 04, 2025 · 20:59 EDR · 12.17 Endeavour Silver Corp.
EDR · Price

Executive Summary

  • Endeavour Silver Corp. has closed a $350 million U.S. offering of 0.25% unsecured convertible senior notes due 2031, including the full exercise of the $50 million over-allotment option.
  • The net proceeds will be used to repay senior secured debt with ING Capital LLC and Societe Generale, finance the Pitarrilla project in Mexico, and for general corporate purposes.
  • The notes carry an initial conversion rate of 80.2890 common shares per $1,000 principal amount, equivalent to an initial conversion price of approximately $12.4550 per share.

Key Details

  • Transaction Size: $350 million (U.S.) aggregate principal amount of convertible senior notes.
  • Note Terms: 0.25% unsecured convertible senior notes due 2031.
  • Over-Allotment: The offering includes the exercise in full of the $50 million (U.S.) option granted to initial purchasers.
  • Conversion Metrics:
    • Initial conversion rate: 80.2890 common shares per $1,000 (U.S.) principal amount.
    • Initial conversion price: Approximately $12.4550 (U.S.) per share.
  • Use of Proceeds:
    • Repayment of senior secured debt facility with ING Capital LLC and Societe Generale.
    • Financing the advancement of the Pitarrilla project located in Durango state, Mexico.
    • General corporate purposes, including strategic opportunities.
Read the original news release →

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