First Quantum closes $1.5B offering of senior notes

Ms. Bonita To reports FIRST QUANTUM MINERALS ANNOUNCES COMPLETION OF $1,500 MILLION SENIOR NOTES OFFERING First Quantum Minerals Ltd. has completed its offering of $1.5-billion aggregate principal amount of 6.375 per cent senior notes due 2036. The notes are senior unsecured obligations of the company and are guaranteed by certain of the company's subsidiaries. Interest on the notes will accrue from the issue date and will be payable semi-annually. The company intends to apply the gross proceeds from the sale of the notes, together with cash on balance sheet, to redeem in full its $1.35-billion aggregate principal amount outstanding of existing 9.375 per cent senior secured second lien notes due 2029, to repay certain drawn revolving credit facility amounts, and to pay transaction fees, costs and expenses. The company has completed the previously announced redemption in full of its 9.375 per cent senior secured second lien notes due 2029 in an aggregate of $1.35-billion outstanding principal amount. We seek Safe Harbor.