Coeur d′Alene Mines Prices Private Offering of Senior Notes
Coeur d′Alene Mines Corporation (the 'Company? or 'Coeur?) (NYSE: CDE;
TSX: CDM) today announced the pricing of its offering of U.S.
$300,000,000 of 7.875% Senior Notes due 2021 (the 'Notes?) to qualified
institutional buyers in the United States pursuant to Rule 144A and
outside the United States pursuant to Regulation S under the Securities
Act of 1933, as amended (the 'Securities Act?). The coupon on the Notes
will be 7.875% per year from the date of issuance, payable semi-annually
in arrears. The Notes will mature on February 1, 2021. The transaction
is expected to close on or about January 29, 2013, subject to the
satisfaction of various customary closing conditions.
The Notes will be fully and unconditionally guaranteed by certain of the
Company′s subsidiaries. The Company intends to use the net proceeds from
the Notes offering to fund internal and external growth initiatives and
for general corporate purposes, which may include repurchasing 3.25%
Convertible Senior Notes due 2028 that are put to the Company at or
after March 15, 2013.
The Notes have not been registered under the Securities Act or any state
securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state laws.
This news release shall not constitute an offer to sell or a
solicitation of an offer to purchase the Notes or any other securities,
and shall not constitute an offer, solicitation or sale in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful. This press release is being issued pursuant to and in
accordance with Rule 135c under the Securities Act.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning
of securities legislation in the United States and Canada, including,
among others, (i) Coeur′s expectations regarding the closing of the
Notes offering and (ii) Coeur′s intention to use the proceeds of the
offering to fund internal and external growth initiatives and for
general corporate purposes, which may include repurchasing 3.25%
Convertible Senior Notes due 2028 that are put to Coeur at or after
March 15, 2013.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause Coeur′s actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
risks and hazards inherent in the mining business (including
environmental hazards, industrial accidents, weather or geologically
related conditions), changes in the market prices of gold and silver,
the uncertainties inherent in Coeur′s production, exploratory and
developmental activities, including risks relating to permitting and
regulatory delays and disputed mining claims, any future labor disputes
or work stoppages, the uncertainties inherent in the estimation of gold
and silver ore reserves, changes that could result from Coeur′s future
acquisition of new mining properties or businesses, reliance on third
parties to operate certain mines where Coeur owns silver production and
reserves, the loss of any third-party smelter to which Coeur markets
silver and gold, the effects of environmental and other governmental
regulations, the risks inherent in the ownership or operation of or
investment in mining properties or businesses in foreign countries,
Coeur′s ability to raise additional financing necessary to conduct its
business, make payments or refinance its debt, as well as other
uncertainties and risk factors set out in filings made from time to time
with the United States Securities and Exchange Commission, and the
Canadian securities regulators, including, without limitation, Coeur′s
reports on Form 10-K and Form 10-Q. Actual results, developments and
timetables could vary significantly from the estimates presented.
Readers are cautioned not to put undue reliance on forward-looking
statements. Coeur disclaims any intent or obligation to update publicly
such forward-looking statements, whether as a result of new information,
future events or otherwise. Additionally, Coeur undertakes no obligation
to comment on analyses, expectations or statements made by third parties
in respect of Coeur, its financial or operating results or its
securities.
Coeur d′Alene Mines Corporation
Stefany Bales, 208-667-8263
Director
of Corporate Communications
or
Wendy Yang, 208-665-0345
Vice
President, Investor Relations