TORONTO, Feb. 11, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) announces that it has successfully completed the pricing of its offering of $1,500 million aggregate principal amount of 6.375% senior notes due 2036 (the "Notes"). The original offering amount of the Notes of $1,350 million has been increased to $1,500 million. The issue price of the Notes is 100.000%.
Interest on the Notes will accrue from the issue date at a rate of 6.375% per annum and will be payable semi-annually. Settlement is expected to take place on or about February 26, 2026, subject to customary conditions precedent for similar transactions. The Notes will be senior unsecured obligations of the Company and will be guaranteed by certain of the Company's subsidiaries.
The Company intends to apply the gross proceeds from the sale of the Notes, together with cash on balance sheet, to redeem in full its $1,350 million aggregate principal amount outstanding of existing 9.375% senior secured second lien notes due 2029, to repay certain drawn revolving credit facility amounts and to pay transaction fees, costs and expenses.
The Company intends to issue a conditional notice of redemption to holders of its existing 9.375% senior secured second lien notes due 2029 under the terms of the indenture governing such notes in connection with the redemption. Any such notice will outline the terms applicable to such redemption, including the manner of determination for the redemption price (including make-whole premium payable), the expected date of calculation of such redemption price, the redemption date (which is currently anticipated to be on or around February 26, 2026) and other relevant terms applicable to such redemption.
For further information, visit our website at www.first-quantum.com or contact:
Investor Relations: Bonita To, Director, Investor Relations(416) 361-6400 Toll-free: 1 (888) 688-6577E-Mail:
Media Relations:James Devas, Manager, Corporate Affairs+44 207 291 6630E-Mail:
IMPORTANT DISCLAIMER
The information in this announcement does not constitute a notice of redemption or the solicitation to purchase any securities of the Company, or an offer of securities for sale in the United States or any other jurisdiction. Securities may not be offered or sold in the United States unless they are registered or are exempt from the registration of the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). The Notes will not be registered under the U.S. Securities Act, or the securities laws of any state of the U.S. or other jurisdictions and the Notes will not be offered or sold within the U.S. or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S of the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and the applicable laws of other jurisdictions. The Company does not intend to conduct a public offering in the United States or any other jurisdiction. It may be unlawful to distribute this announcement in certain jurisdictions.
The information in this announcement does not constitute an offer, or a solicitation of an offer, of securities for sale in the United States, Canada, the EEA, the UK, Switzerland, Panama, Hong Kong, Japan, Singapore, or any other jurisdiction in which such an offer, solicitation or sale is not permitted.
In member states of the EEA, this announcement and any offer of the securities referred to herein in any Member State of the ...
