Bullboard - Stock Discussion Forum Aris Mining Corp T.ARIS

Alternate Symbol(s): T.ARIS.WT.A | CLGDF | ARMN | N.AMNG.NT.U

Metals & Mining Gold

Aris Mining Corporation is a gold producer in the Americas. The Company is engaged in operating two mines with expansions underway in Colombia. The Segovia Operation is located in the Segovia-Remedios mining district in the department of Antioquia, Colombia, approximately 180 kilometers (km) northeast of Medellin. The Segovia Operations comprises four active underground gold mining operations... see more

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Aris Mining Corp > New Press Release - ARIS MINING ANNOUNCES PRICING OF US$450 MILLION SENIOR NOTES OFFERING TO FUND REDEMPTION OF OUTSTANDING 6.875% SENIOR NOTES

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Post by PressRelease on Oct 24, 2024 3:34pm

New Press Release - ARIS MINING ANNOUNCES PRICING OF US$450 MILLION SENIOR NOTES OFFERING TO FUND REDEMPTION OF OUTSTANDING 6.875% SENIOR NOTES

VANCOUVER, BC, Oct. 24, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) today announces the pricing of its offering of US$450 million aggregate principal amount of 8.000% Senior Notes due 2029 (the "Notes"). The offering is expected to close on...read article.

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Comment by tobinator01 on Oct 24, 2024 4:32pm

They up-sized the offering to $450 million from the intended $400 million. I just looked and the Prime interest rate today is 8.00%. Prime Rate is what banks give most favored customers. Hence, there was no penalty for risk in the rate Aris just achieved. Long term debt is $340 million of which $302 million is the 2026 Senior Notes they are redeeming. This means Aris just ...more

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Aris Mining Corp