TSX:FMMetals and Mining
A Look At First Quantum Minerals (TSX:FM) Valuation After Upsized US$1.5b Senior Notes Refinancing
First Quantum Minerals (TSX:FM) has priced a US$1.5b offering of 6.375% senior unsecured notes due 2036, upsized from US$1.35b, to refinance higher coupon debt and repay certain revolving credit draws.
See our latest analysis for First Quantum Minerals.
The refinancing news lands after a mixed price run, with the 1 day share price return of 2.28% contrasting with a 30 day share price return decline of 11.37%. At the same time, the 90 day share price return of 30.67% and 1 year total...