Stillwater Mining to price $300 million five-year notes this week

By Paul A. Harris

Portland, Ore., Sept. 19 - Stillwater Mining Co. began marketing a $300 million offering of five-year senior notes on Monday, according to an informed source.

The Rule 144A and Regulation S deal comes to market via bookrunner Deutsche Bank Securities Inc.

Pricing is expected late in the present week following an investor roadshow.

The notes come with three years of call protection.

Credit ratings remain to be determined.

The Billings, Mont.-based palladium and platinum producer plans to use the proceeds, together with cash on hand, to fund the cash portion of the acquisition of Peregrine Metals Ltd. The remaining proceeds will be used to advance existing development and expansion projects and for other general corporate purposes.

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