Carmen Copper to Offer US$ Denominated Fixed-rate Notes
Mandaluyong–(PHStocks)–Atlas Consolidated Mining and Development Corp. (PSE: AT) is pleased to announce that its wholly-owned subsidiary Carmen Copper Corp. (CCC), which operates the Toledo copper mine in the province of Cebu intends to issue, subject to market conditions, US Dollar denominated fixed-rate notes with a tenor of five (5) years and five (5) days.
The net proceeds from the issue of the Notes are intended (i) to refinance certain existing indebtedness of CCC, (ii) to fund CCC’s capital and project expenditures, (iii) to enable Atlas to refinance a portion of its existing indebtedness in respect of which CCC has provided a suretyship, and (iv) to fund other general corporate purposes.
BDO Capital & Investment Corp. and Credit Suisse Securities (Europe) Limited have been engaged as Joint Lead Managers and Joint Bookrunners for the proposed unrated Regulation S offering of the Notes. The CCC Board of Directors has authorized CCC’s management to determine and finalize the terms and conditions of the issuance of the Notes.
One thought on “Carmen Copper to Offer US$ Denominated Fixed-rate Notes”
Pingback: Carmen Copper Completes Issuance of US$ Denominated Fixed-rate Notes | PHStocks