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Nickel Mines Announces Regarding Proposed Tap Issuance of Existing Senior Unsecured Notes

07 Sep 2021  |  10:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Proposed Tap Issuance of Existing Senior Unsecured Notes

Nickel Mines announced that it intends to execute, subject to market conditions, a tap issuance (New Notes) of its existing Senior Unsecured Notes. The Company issued US$175m inaugural Senior Unsecured Notes on 1 April 2021, at an interest rate of 6.5%, maturing 1 April 2024. Due to prevailing market conditions at the time and the Company's cash position and demonstrated cash generating capacity, the Company chose to limit the quantum of the Existing Notes.

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