06:13 AM EDT, 06/27/2025 (MT Newswires) -- Champion Iron ( CIAFF ) late on Wednesday said its subsidiary Champion Iron Canada has priced an offering of US$500 million of senior notes due 2032 at the issue price of 100%, from the previously announced US$450 million.

Settlement is scheduled for July 2, subject to customary conditions.

Interest on the notes will accrue from July 2 at a rate of 7.875% per annum and will be payable semi-annually.

Net proceeds from the offering will be used to repay amounts outstanding under its senior credit facilities and for general corporate purposes.