First Majestic Raises $300M in Convertible Notes Offering
ByAinvest
Wednesday, Dec 3, 2025 8:33 pm ET1min read
AG--
First Majestic Silver Corp has priced its offering of $300 million in unsecured convertible senior notes due 2031. The company plans to use the proceeds to repurchase a portion of its outstanding convertible senior notes due 2027 and for general corporate purposes. The Notes will bear a semi-annual interest rate of 0.125% and have an initial conversion price of approximately $22.36 per share, a 42.50% premium relative to yesterday's closing market price. The offering is expected to close on December 8, 2025.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet