09:16 AM EDT, 10/21/2024 (MT Newswires) -- Aris Mining ( ARMN ) said Monday it has launched an offering of $400 million of senior notes due 2029.

The company said it plans to use the net proceeds for working capital and general corporate purposes, as well as to fund the redemption of its 6.875% senior notes due 2026.

Aris Mining ( ARMN ) shares were up 1.5% in recent Monday premarket activity.

Price: 4.8900, Change: +0.07, Percent Change: +1.45