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Hudbay Completes Offering of US$52 Million of 4.50% Municipal Bonds for Copper World

HBM
  • Hudbay Minerals Inc. completed a US$52 million offering of 4.50% Arizona Industrial Development Authority Solid Waste Disposal Revenue Bonds (Copper World LLC Project), Series 2026A.
  • The bonds were issued by the Arizona Industrial Development Authority with an initial mandatory tender date of July 2, 2036.
  • Copper World LLC will use the gross proceeds to finance, reimburse, & refinance eligible expenditures at the Copper World project in Pima County, Arizona, including capitalized interest & other eligible costs.
  • Copper World's obligations under the loan agreement are guaranteed by Hudbay & certain of its subsidiaries, including all future subsidiaries that become guarantors or borrowers for Hudbay's senior notes.
  • The bonds were not registered under the U.S. Securities Act of 1933 & were sold only to qualified institutional buyers in transactions exempt from registration.
  • Hudbay is a copper-focused critical minerals mining company operating mines in Peru, Canada, & the United States, with a growth pipeline that includes the Copper World project in Arizona.