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Almonty prices oversubscribed US$700 million convertible senior notes offering due 2031

PUBT·06/05/2026 05:09:19
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Almonty prices oversubscribed US$700 million convertible senior notes offering due 2031
  • Almonty Industries priced an oversubscribed private offering of USD 700 million 2.25% convertible senior notes due 2031.
  • Initial purchasers received a 13-day option to buy up to an additional USD 100 million of notes, lifting potential total issuance to USD 800 million.
  • Net proceeds estimated at about USD 675.9 million, or about USD 772.7 million if the option is fully exercised.
  • Proceeds earmarked for capped call costs of about USD 83 million, debt and liability refinancing of USD 50 million, remaining funds for working capital.
  • Notes priced with an initial conversion price of about USD 27.4, a 32.5% premium to the June 4 close of USD 20.68.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Almonty Industries Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260604069903) on June 05, 2026, and is solely responsible for the information contained therein.