First Majestic Silver Closes US$350 Million Convertible Senior Notes Offering
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First Majestic Silver Corp. closed a US$350 million private placement of unsecured convertible senior notes due 2031, with a 0.125% annual interest rate. The initial conversion rate is 44.7227 shares per US$1,000, equating to a US$22.36 conversion price per share. Part of the proceeds repurchased US$174.7 million of existing notes for US$214.7 million. This confirms the transaction's final size and closing.
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