Hudbay to use revolver borrowings to redeem Copper Mountain bonds

By Marisa Wong

Los Angeles, Nov. 15 – Hudbay Minerals Inc. intends to utilize its senior secured revolving credit facility to fund the redemption of wholly owned subsidiary Copper Mountain ULC’s 8% senior secured notes due April 9, 2026, according to a press release.

Doing so will further enhance Hudbay’s financial flexibility by improving the company’s ability to deleverage and repay debt sooner than the 2026 maturity date of the Copper Mountain bonds, the release noted.

Hudbay is a copper-focused mining company based in Toronto.

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