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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
MTRL
PRCD
EDVLN
Endeavour Mining PLC$500
1EMEA
Oct 7, 2021
currency
USD
size (m)
500.000
maturity
Oct 14, 2026
type
Fixed
tenor
5.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
NR
s&p
BB-
fitch
BB
size description
-
re-open/tap
No
ipt
high 5%s
ipt-pxd
-
guidance
5.50-5.625%
spread
423.3
coupon
5.000%
spread set
-
price
98.91300
yield
5.250%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2023-10-14; Registration: 144A/Reg S;
Deal Comments
Endeavour Mining Plc (EDV LN (London), EDV CN (Toronto)) exp NR/BB-/BB US$500m 144A/Reg S 5NC2 sr notes due 10/14/26. Citi (GC/B&D)/ HSBC/ING/SG joint books. Initial Guarantors: Endeavour Mining Corporation, Endeavour Gold Corporation, Avion Gold Corporation, Ity Holdings Ltd, Houndé Holdings Ltd, Semafo (Barbados) Limited, SEMAFO Inc, Teranga Gold Corporation, Teranga Gold (Senegal) Corporation, Massawa (Jersey) Limited, Sabodala Gold (Mauritius) Limited, Loumana Holdings Limited. Australian Guarantors: Teranga Gold (Australia) Pty Ltd; Gryphon Minerals Burkina Faso Pty Ltd (to accede within 45 days of issue date). 101 CoC. Standard HY Covenant Terms including Limitation on Debt (minimum 2.5x Fixed Charge Coverage Ratio), Restricted Payments, Liens, Asset Sale, Transactions with Affiliates, Events of Default etc. List Euronext Dublin GEM. New Law Law. UOP: In combination with cash available on balance sheet, to repay all amounts outstanding under the Bridge Facility and the Existing RCF and to pay fees and expenses in relation to the Offering. Marketing: www.netroadshow.com/ passcode: Dore5399. Pricing 10/7. Settle 10/14. IPTs: high 5%s.

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