Northwire Canada EditionTuesday, November 10, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,037.90 −1.9% Silver 51.48 −2.3% Copper 6.27 −1.1% Oil 86.45 −0.5% Palladium 1,023.25 +0.2% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.045 −10.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.372 −2.0% VCG 1.07 +4.9% LVX 0.235 −30.9% RAMP 0.250 −7.4% Gold 4,037.90 −1.9% Silver 51.48 −2.3% Copper 6.27 −1.1% Oil 86.45 −0.5% Palladium 1,023.25 +0.2% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.045 −10.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.372 −2.0% VCG 1.07 +4.9% LVX 0.235 −30.9% RAMP 0.250 −7.4%
Financings

First Quantum Minerals Announces Completion of $1,500 Million Senior Notes Offering

By The Northwire Desk — AI Analysis Feb 26, 2026 · 10:25 FM · 40.95 First Quantum Minerals Ltd.
FM · Price

Executive Summary

  • First Quantum Minerals Ltd. completed a $1.5 billion senior notes offering (6.375% due 2036).
  • Proceeds will be used to fully redeem $1.35 billion of existing 9.375% senior secured second‑lien notes due 2029, repay drawn revolving credit facility amounts, and cover transaction fees and expenses.
  • The redemption of the prior 9.375% notes has been completed in full.

Key Details

  • Offering Size: $1,500 million aggregate principal amount.
  • Instrument: Senior unsecured notes, guaranteed by certain subsidiaries.
  • Interest Rate & Maturity: 6.375% per annum, due 2036; interest payable semi‑annually.
  • Use of Proceeds:
  • Redeem in full $1,350 million aggregate principal amount of existing 9.375% senior secured second‑lien notes due 2029.
  • Repay certain drawn amounts under the company’s revolving credit facility.
  • Pay transaction fees, costs and related expenses.
  • Redemption Completed: Prior 9.375% senior secured second‑lien notes (Rule 144A ISIN US335934AV79; CUSIP 335934AV7; Reg S ISIN USC3535CAQ18; CUSIP C3535CAQ1) fully redeemed for $1,350 million principal.
  • Guarantee: Notes are senior unsecured obligations of First Quantum and guaranteed by designated subsidiaries.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

More from First Quantum Minerals Ltd.

Oct 28, 2026 · 17:01

First Quantum reports a third quarter profit surge alongside an upward revision to its copper cost guidance.

Earnings Sep 30, 2026 · 13:53

First Quantum’s Panama audit clears the path for negotiations, though the stock sold off due to the lack of an immediate mine restart.

M&A / Property Jul 28, 2026 · 17:01

First Quantum reports rising copper output and overshooting costs, with free cash flow evaporating as the Cobre Panamá restart remains distant.

Earnings May 14, 2026 · 17:01

First Quantum Stabilizes Balance Sheet While Panama Cleanup Offers Temporary Revenue Boost

Production / Operations May 11, 2026 · 17:01

First Quantum’s La Granja resource filing confirms world-class copper deposit, but cash burn and cost pressures keep investors cautious.

Resource Estimate Apr 28, 2026 · 17:01

First Quantum Q1 Loss Masks Strategic Progress as Panama Processing Begins and Debt Refi Completes

Earnings