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Endeavour Silver Prices $300 Million Debt Offering; Shares Down Pre-Bell

BY MT Newswires | CORPORATE | 12/02/25 04:47 AM EST

04:47 AM EST, 12/02/2025 (MT Newswires) -- Endeavour Silver (EXK) said late Monday it priced its offering of $300 million of 0.25% unsecured convertible senior notes due 2031.

Initial purchasers have an overallotment option to buy up to $50 million of additional notes.

The company expects the offering to close by Thursday and plans to use the net proceeds to repay its senior secured debt facility with ING Capital and Societe Generale, among other things.

Endeavour Silver (EXK) shares were down 3.2% in recent premarket activity Tuesday.

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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