Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Hudbay Announces Repayment of 2026 Senior Unsecured Notes

BY GlobeNewswire | CORPORATE | 07:00 AM EDT

TORONTO, April 02, 2026 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (HBM) (?Hudbay? or the ?Company?) (TSX, NYSE: HBM) today announced that it has repaid in full all of its outstanding 4.50% senior unsecured notes due 2026 (the ?2026 Notes?), which were originally issued in an aggregate principal amount of $600 million. All amounts are in U.S. dollars, unless otherwise noted.

Hudbay repaid the outstanding aggregate principal amount of $472.5 million of 2026 Notes on maturity on April 1, 2026 using a combination of available cash on hand and a $272 million draw on its low-cost revolving credit facilities. The repayment of the 2026 Notes using available liquidity is consistent with Hudbay?s prudent balance sheet management and focus on cost of capital and provides the Company with improved financial flexibility in advance of a Copper World sanctioning decision later this year.

About Hudbay

Hudbay is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States.

Hudbay?s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum. Hudbay?s growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations.

The value Hudbay creates and the impact it has is embodied in its purpose statement: ?We care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities.? Hudbay?s mission is to create sustainable value and strong returns by leveraging its core strengths in community relations, focused exploration, mine development and efficient operations.

For further information, please contact:

Candace Bru?le?
Senior Vice President, Capital Markets & Corporate Affairs
(416) 362-8181
investor.relations@hudbay.com

Image: https://www.globenewswire.com/newsroom/ti?nf=OTY4MzIyNSM3NTE2NzY0IzIwMDcxNzU=
Image: https://ml.globenewswire.com/media/ZDczMWRjNDktYWNjNS00Y2JhLWJhYzYtNzBmNjcxOTNjNjYxLTEwMTg3NDgtMjAyNi0wNC0wMi1lbg==/tiny/Hudbay-Minerals-Inc-.png

Image: Primary Logo

Source: Hudbay Minerals Inc. (HBM)

More Fixed Income News

All Fixed Income News

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.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article