SILVERCORP ANNOUNCES OFFERING OF US$130 MILLION CONVERTIBLE SENIOR NOTES
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Silvercorp Metals Inc. announced a private placement offering of $130 million in convertible senior notes due 2029, with an option for an additional $20 million.
November 19, 2024 | 9:30 pm
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Silvercorp Metals Inc. is issuing $130 million in convertible senior notes due 2029, with an option for an additional $20 million. This move could impact the company's capital structure and liquidity.
The issuance of convertible senior notes can affect Silvercorp's capital structure by increasing debt but also provides liquidity. The option for an additional $20 million could further impact financial flexibility. However, the long-term impact depends on how the funds are utilized.
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