Ero Copper readies offering of $400 million senior notes due 2030

Chicago, Jan. 24 – Ero Copper Corp. is offering $400 million of senior notes due 2030 (B1/B/B), according to a press release.

The notes will be guaranteed on a senior unsecured basis by the company’s 99.6%-owned Mineracao Caraiba SA subsidiary.

Proceeds will be used to repay the outstanding balance under the company’s senior secured revolving credit facility of approximately $50 million, for capital expenditures related to the construction of the Boa Esperanca Projects and for general corporate purposes.

The company plans to reduce the size of its senior secured revolving credit facility to $75 million from $150 million when the offer closes.

Distribution is through Rule 144A and Regulation S.

Ero Copper has headquarters in Vancouver, B.C., and is focused on copper production growth from the MCSA Mining Complex located in Bahia, Brazil.

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