Past year: ▲ 88%(4.53 – 9.04 USD)
Each one in plain English, with the numbers worked through for a shareholder.
14 June 2017debt financing▲ GoodMajor
The refinancing closed: US$250 million of 8.75% Senior Secured Notes due June 2022 were issued. With US$54.5 million of cash, proceeds funded redeeming the 2019 notes (US$203.8 million), repaying the secured credit facility (US$79.4 million), buying out the lender's copper call option (US$11.9 million) and estimated costs of US$6.9 million. The company says this reduces total debt and pushes maturity out to 2022, resolving the thread opened in May.
7 June 2017debt financing● NeutralMajor
The US$250 million Senior Secured Notes due 2022 were priced at an 8.750% annual interest rate and issued at 99% of face value, with closing expected June 14, 2017. The notes are secured by first-priority liens on the shares of subsidiary Gibraltar Mines Ltd. and its rights under the Gibraltar mine joint venture agreement. Proceeds will also cancel a copper call option held by the secured loan lender, in addition to redeeming the 2019 notes and prepaying the loan. This continues the refinancing announced May 30.
30 May 2017debt financing● NeutralMajor
The company (filings are in the name of Taseko Mines Limited, listed as Trekor Metals Ltd in our records) announced it has started offering US$250 million of Senior Secured Notes due 2022. Proceeds plus cash on hand are meant to redeem its 7.75% Senior Notes due 2019 and prepay its secured loan facility; the interest rate and final terms were not yet set.
