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Osisko Development prices US$300M convertible notes offering

Created at 1 Jun · 12:30 PM1 source↑ Market-relevant
IN SHORT

Osisko Development announced the closing of an additional US$75 million in aggregate principal amount of 4.125% convertible senior notes, bringing the total offering to US$300 million. The notes mature on June 15, 2029.

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Key Numbers

US$300 milliontotal convertible senior notes offering
US$75 millionadditional convertible senior notes closed
4.125%annual interest rate on notes
June 15, 2029maturity date of notes

Who's Involved

Osisko Development
issuer of convertible senior notes

↳ Why This Matters

Osisko Development is raising capital through the issuance of convertible senior notes. This move allows the company to secure funding for its operations or growth initiatives while offering investors the potential for equity upside.

Key facts

  • Osisko Development closed an additional US$75 million in convertible senior notes.
  • The total offering of 4.125% convertible senior notes now amounts to US$300 million.
  • The notes mature on June 15, 2029.

Osisko Development is raising capital through the issuance of convertible senior notes. This move allows the company to secure funding for its operations or growth initiatives while offering investors the potential for equity upside.

Frequently asked questions

Osisko Development announced the closing of an additional US$75 million in convertible senior notes, bringing the total offering to US$300 million.

The notes carry an annual interest rate of 4.125%.

The convertible senior notes mature on June 15, 2029.

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How It Developed

1 Jun · 12:16 PM
Osisko Development has closed an additional US$75 million in 4.125% convertible senior notes, bringing the total offering to US$300 million.
Financial Post via PiQSuite

Sources

T1
Osisko Development Announces Closings of Additional US$75 Million Aggregate Principal Amount of 4.125% Convertible Senior Notes Bringing Total Offering to US$300 Millionm.piqsuite.com

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