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First Majestic Raises $300M in Convertible Notes Offering
ByAinvest
Wednesday, Dec 3, 2025 8:33 pm ET1min read
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.
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