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First Majestic Silver Prices $300 Million Debt Offering

BY MT Newswires | CORPORATE | 12/04/25 04:43 AM EST

04:43 AM EST, 12/04/2025 (MT Newswires) -- First Majestic Silver (AG) said late Wednesday it priced a $300 million offering of unsecured convertible senior notes due 2031 at par.

The Canadian company intends to issue notes worth $350 million, if an overallotment option is fully exercised. The notes will bear cash interest semiannually at 0.125% per annum.

First Majestic said it plans to use the net proceeds to repurchase part of its 0.375% convertible senior notes due 2027, among other things.

The offering is expected to close by Monday.

The company's shares were down 1.1% in recent premarket activity Thursday.

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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