Fresnillo PLC U.S.$850 million Senior Notes Offering (0072B)
October 02 2020 - 11:17AM
UK Regulatory
TIDMFRES
RNS Number : 0072B
Fresnillo PLC
02 October 2020
Fresnillo Plc
21 Upper Brook Street
London W1K 7PY United Kingdom
www.fresnilloplc.com
October 2, 2020
Fresnillo Announces Closing of U.S.$850 million Senior Notes
Offering
Fresnillo plc is pleased to announce the completion of an
offering of U.S.$850 million aggregate principal amount of 4.250%
Senior Notes due 2050 (the "Notes"). The Notes were offered to
qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"), and to
certain non-U.S. persons in accordance with Regulation S under the
Securities Act. Fresnillo intends to use the net proceeds from the
issuance for funding the Tender Offer announced previously and for
general corporate purposes.
This press release is not an offer of notes for sale in Mexico,
the United States or the United Kingdom. The notes may not be
offered or sold (i) in Mexico absent authorization by the CNBV in
accordance with the Ley del Mercado de Valores (Mexican Securities
Market Law) and all applicable regulations and the due registration
of the notes in the National Registry of Securities maintained by
the National Banking and Securities Commission of Mexico ("CNBV");
or (ii) in the United States absent registration under the
Securities Act, as amended, or an exemption from registration
therefrom. Any public offering of securities in Mexico, in the
United States or in the United Kingdom must be made by means of a
prospectus containing detailed information about the terms of the
offering, the issuer and matters relating to its financial,
administrative, and legal condition, as well as financial
statements.
The information contained within this announcement is deemed by
Fresnillo plc to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement, this inside information is now considered to
be in the public domain. The person making the notification is
Carlos Ortiz Mena, Head of Legal, Fresnillo plc. The time of the
notification is 4:10 pm UK time.
For further information, please visit our website
www.fresnilloplc.com or contact:
Fresnillo plc Tel: +44 (0)20 7399 2470
London Office
Gabriela Mayor, Head of Investor
Relations
Patrick Chambers
----------------------------------- -------------------------
Mexico City Office Tel: +52 55 52 79 3206
Ana Belem Zárate García
----------------------------------- -------------------------
Powerscourt Tel: +44 (0)7793 858 211
Peter Ogden
----------------------------------- -------------------------
About Fresnillo plc
Fresnillo plc is the world's largest primary silver producer and
Mexico's largest gold producer, listed on the London and Mexican
Stock Exchanges under the symbol FRES.
Fresnillo plc has seven operating mines, all of them in Mexico -
Fresnillo, Saucito, Ciénega (including the San Ramón satellite
mine, Las Casas Rosario & Cluster Cebollitas), Herradura,
Soledad-Dipolos(1) , Noche Buena and San Julián (Veins and
Disseminated Ore Body), three development projects - the Pyrites
Plant at Fresnillo, the optimisation of the beneficiation plant
also at Fresnillo and Juanicipio, and four advanced exploration
projects - Orisyvo, Rodeo, Guanajuato and Pilarica, as well as a
number of other long term exploration prospects.
Fresnillo plc has mining concessions and exploration projects in
Mexico, Peru and Chile.
Fresnillo plc has a strong and long tradition of exploring,
mining, a proven track record of mine development, reserve
replacement, and production costs in the lowest quartile of the
cost curve for silver.
Fresnillo plc's goal is to maintain the Group's position as the
world's largest primary silver company and Mexico's largest gold
producer.
(1) Operations at Soledad-Dipolos are currently suspended.
Forward Looking Statements
Information contained in this announcement may include
'forward-looking statements'. All statements other than statements
of historical facts included herein are forward-looking statements.
Such forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances.
Forward-looking statements are not guarantees of future performance
and the actual results of Fresnillo plc's operations, financial
position and liquidity, and the development of the markets and the
industry in which Fresnillo plc operates, may differ materially
from those described in, or suggested by, the forward-looking
statements contained in this document.
LEI: 549300JXWH1UV5J0XV81
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