Taseko Mines (TSE:TKO) has released an update.
Taseko Mines Limited has announced the pricing of its $500 million Senior Secured Notes offering at an 8.25% interest rate, due 2030, set to close on April 23, 2024. The funds raised will be used for redeeming existing notes, capital expenditures on key projects, working capital, and other corporate purposes, with securities secured by liens on shares of Taseko’s subsidiaries. The notes, not registered under U.S. or Canadian securities laws, will be sold to qualified institutional buyers and certain non-U.S. persons.
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