10:55 AM EST, 03/05/2025 (MT Newswires) -- First Quantum Minerals ( FQVLF ) , up more than 6% at last look, on Wednesday said it has completed its US$1 billion offering of 8% senior notes due 2033. Proceeds, along with cash on hand, will be used to repay a $250 million portion of its revolving credit facility, and fund the concurrent partial tender offer for its 6.875% senior notes due 2027, which has now closed.

Separately, FM announced the early results of its prior announced offer to purchase for cash its outstanding 6.875% Senior Notes due 2027 in a maximum aggregate principal amount of up to US$750 million.

The company's shares were last seen up $1.16, to $18.05, on the Toronto Stock Exchange.

Price: 17.94, Change: +1.05, Percent Change: +6.22