Business Wire·Apr 6, 2026, 6:45 AM ET

Coeur Mining, Inc. Announces Early Participation Deadline Results of Previously Announced Exchange Offer and Consent Solicitation for New Gold Senior Notes

CDE TSX:CDE

Coeur Mining announced early participation results for its private exchange offer as of 5:00 p.m. New York time on April 3, 2026.
Eligible holders tendered US$385,300,000 of the US$400,000,000 outstanding 6.875% New Gold Senior Notes due 2032, representing 96.33% of the principal amount.
Coeur executed a supplemental indenture to adopt proposed amendments eliminating restrictive covenants & certain default events after receiving requisite consent from a majority of holders.
The exchange & consent solicitation will expire at 5:00 p.m. New York time on April 20, 2026, unless extended or terminated by Coeur.
Settlement for validly tendered notes is expected to occur on or about April 22, 2026, subject to customary closing conditions.
Holders who tendered by the early participation date receive US$2.00 cash & US$50 in additional New Notes principal per US$1,000 Existing Notes.
Holders tendering after the early participation deadline will receive US$950 principal amount of New Notes per US$1,000 Existing Notes.
No accrued interest is payable upon exchange; the first interest payment on New Notes will include accrued interest to ensure holders receive the same amount as if notes were not tendered.
The acquisition of New Gold by Coeur constituted a change of control, but the Supplemental Indenture execution removes the obligation to make a change of control repurchase offer.
RBC Capital Markets acts as Dealer Manager while Global Bondholder Services Corporation serves as the information & exchange agent.
The New Notes offered are unregistered under the Securities Act of 1933 & may not be sold in the U.S. absent registration or an applicable exemption.
Coeur Mining is a U.S.-based precious metals producer with operations in Canada, Mexico, the U.S., & the Silvertip exploration project.