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Feb 26, 2026 12:01 PM

First Quantum Minerals Announces Completion of $1,500 Million Senior Notes Offering

TORONTO, Feb. 26, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) announces that it has completed its offering of $1,500 million aggregate principal amount of 6.375% senior notes due 2036 (the "Notes").

The Notes are senior unsecured obligations of the Company and are guaranteed by certain of the Company's subsidiaries. Interest on the Notes will accrue from the issue date and will be payable semi-annually.

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 has completed the previously announced redemption in full of its 9.375% senior secured second lien notes due 2029 (Rule 144A: ISIN US335934AV79; CUSIP 335934AV7; Reg S: ISIN USC3535CAQ18; CUSIP C3535CAQ1) in an aggregate of $1,350 million outstanding principal amount.

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: [email protected]

Media Relations:James Devas, Manager, Corporate Affairs+44 207 291 6630E-Mail: [email protected]

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 European Economic Area ("EEA") will be made pursuant to an exemption under the Prospectus Regulation from the requirement to publish a prospectus for offers of the securities referred to herein. Accordingly, any person making or intending to make an offer in a Member State of Notes which are the subject of the offering contemplated may only do so in circumstances in which no obligation arises for the company or any of the initial purchasers to publish a prospectus pursuant to ...