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First Quantum Minerals Upsizes Debt Offering to US$1.5 Billion

BY MT Newswires | CORPORATE | 02/11/26 04:05 PM EST

04:05 PM EST, 02/11/2026 (MT Newswires) -- First Quantum Minerals (FQVLF) said Wednesday it priced a US$1.5 billion offering of 6.375% senior notes due 2036, increasing the size from the originally planned US$1.35 billion.

The issue price of the notes is 100%. The notes will pay interest of 6.375% per year, paid semi-annually. The settlement is expected around Feb. 26. The notes are senior unsecured and will be guaranteed by certain subsidiaries, the company said.

The company added that it plans to use the proceeds, along with cash on hand, to fully redeem its existing US$1.35 billion of 9.375% senior secured second lien notes due 2029, repay amounts drawn on its revolving credit facility, and cover related fees and expenses.

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

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