First Quantum releases results of note tender offer

Executive Summary

• First Quantum Minerals announced that holders tendered $714.625 million principal amount of its 6.875% senior notes due 2027, which the company will purchase for cash.
• The purchase price is $1,003.79 per $1,000 principal (a slight premium), based on a reference yield of 4.263%.
• Cash consideration and accrued interest will be paid promptly after the tender offer expiration (expected Aug 21, 2025); purchased notes will be cancelled.

Key Details

• Tendered amount: $714,625,000 aggregate principal of notes accepted for purchase.
• Guaranteed delivery portion: Includes $6,503,000 of notes subject to delivery requirements.
• Purchase price: $1,003.79 per $1,000 principal (premium over par).
• Reference yield used: 4.263% based on bid‑side price of the reference security at 2 p.m. NY time on Aug 18, 2025.
• Payment schedule: Cash consideration expected to be paid on or after Aug 21, 2025; holders also receive accrued and unpaid interest up to settlement date.
• Note cancellation: All notes purchased in the tender offer will be cancelled upon payment.
• Dealer managers: J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, BMO Capital Markets Corp., Société Générale.
• Contact information for dealer managers provided for inquiries (phone numbers and toll‑free lines).

Notable Quotes

(No executive quotes were included in the release.)