Coeur Mining completes exchange of $385.8 million of New Gold notes for its own notes
On April 22, 2026, Coeur Mining completed its exchange offer for $385.8 million of the $400 million 6.875% Senior Notes due 2032 issued by New Gold Inc., issuing $385,774,000 of its own 6.875% Senior Notes due 2032 in return. Coeur said it received no cash proceeds from the new notes, and it paid about $771,600 in cash consideration, fees and expenses, so the exchange swaps existing debt for new debt rather than adding borrowed cash.
Key points
- Accepted $385.8 million of Existing Notes, about 96.45% of the outstanding $400 million, with settlement on April 22, 2026.
- Issued $385,774,000 of new 6.875% Senior Notes due 2032, plus about $771,600 in cash ($770,600 consideration and $1,000 for fractional notes).
- New notes are unsecured senior obligations, interest is paid April 1 and October 1, and they are redeemable before April 1, 2028 with a make-whole premium.
- Indenture dated April 22, 2026, names The Bank of New York Mellon as trustee and includes a 101% change-of-control repurchase right.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.