Endeavour Mining Completes $500M Senior Notes Refinancing

Endeavour Mining plc has successfully completed a US$500 million senior notes offering with a 7.000% interest rate due in 2030 as part of its refinancing strategy. The proceeds from this offering, along with existing cash, will be used to purchase US$464,278,000 of the company's existing 5.000% senior notes due 2026 that were tendered and accepted, and to cover related fees and expenses. The company plans to redeem the remaining US$35,722,000 of untendered notes at the same purchase price paid to tendering noteholders, with settlement expected on May 30, 2025. The tender offer expired on May 28, 2025, and notes accepted will receive accrued interest up to but not including the settlement date. Endeavour Mining operates primarily in West Africa and emphasizes maintaining financial flexibility and optimizing its capital structure through this refinancing. The new notes were offered only to qualified institutional buyers and non-U.S. persons outside the United States, and have not been registered under the U.S. Securities Act of 1933.