McEwen Mining (MUX) has announced the pricing strategy for its $95 million aggregate principal amount of convertible senior notes, set to mature in 2030. This transaction is being executed as a private placement targeted at investors considered to be qualified institutional buyers. The closing date for the sale of these Notes is anticipated to be February 11, 2025, with maturity slated for August 15, 2030. McEwen Mining projects that the net proceeds from this offering will amount to approximately $91.3 million.
Additionally, alongside the pricing of these Notes, the company has arranged privately negotiated capped call transactions with select financial institutions.
