06:38 AM EST, 03/05/2024 (MT Newswires) -- First Quantum Minerals ( FQVLF ) , which rose near 6% yesterday, announced Tuesday that it has completed the previously-announced redemption in full of its $1.050 billion aggregate principal amount 7.50% senior notes due 2025 and $1 billion aggregate principal amount 6.875% senior notes due 2026. A statement said the company redeemed the Notes at a redemption price of 100.00% of the principal amount, plus accrued and unpaid interest, using the proceeds from its previously-announced comprehensive refinancing.

According to the statement, the company has deposited amounts required to fund the Redemption into accounts designated by the relevant trustees for the holders of the Notes in accordance with the indentures governing the Notes. Furthermore, the Indentures have been discharged and have ceased to be of further effect as to all Notes in accordance with the satisfaction and discharge provisions of the Indentures.