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Vizsla Silver Prices $250 Million Convertible Notes Offering; Shares Down Pre-Bell

BY MT Newswires | CORPORATE | 11/20/25 05:49 AM EST

05:49 AM EST, 11/20/2025 (MT Newswires) -- Vizsla Silver (VZLA) said Thursday it priced a $250 million offering of convertible senior unsecured notes due 2031, for about $239.4 million in expected net proceeds.

Initial purchasers have a 13-day overallotment option to buy up to an additional $50 million of the notes.

The company expects the offering to close by Monday and plans to use the net proceeds to support the exploration and development of the Panuco project and to fund certain capped call transactions, among other things, it said.

Vizsla shares were down 12% in recent premarket activity.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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