11:43 AM EDT, 06/27/2025 (MT Newswires) -- (Updates shares.)

Champion Iron ( CIAFF ) late on Wednesday said its subsidiary Champion Iron Canada 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.

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

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

Champion Iron ( CIAFF ) shares were last seen up $0.16 to $3.84 on the Toronto Stock Exchange.

Price: 3.84, Change: +0.16, Percent Change: +4.35