TSX:FMMetals and Mining
Will First Quantum Minerals' US$1.5 Billion Refi and Taca Taca Update Change First Quantum Minerals' (TSX:FM) Narrative
Earlier in February 2026, First Quantum Minerals completed the pricing of a US$1.50 billion issue of 6.375% senior unsecured notes due 2036 at par, intending to use the proceeds, alongside existing cash, to redeem its existing 9.375% senior secured second lien notes due 2029, repay drawn amounts on its revolving credit facility, and cover transaction costs.
This refinancing shifts the company’s capital structure away from higher-cost secured debt toward longer-dated unsecured funding, which...