TSX:AGMetals and Mining
What First Majestic Silver (TSX:AG)'s Convertible Note Refinance Means For Shareholders
First Majestic Silver Corp. recently closed a private placement of US$300 million in 0.125% unsecured convertible senior notes due 2031, plus an additional US$50 million from the over-allotment option, and will use part of the proceeds to repurchase about US$174.7 million of its 2027 convertible notes.
This refinancing lowers near-term debt maturities while introducing potential future share dilution through the new conversion feature, reshaping the company’s capital structure and financial...