Convertibles Calendar: First Majestic on tap

Nov. 29

FIRST MAJESTIC SILVER CORP.:

• $200 million five-year convertible notes

• Greenshoe of $30 million

• Coupon of 0.125% to 0.625% and initial conversion premium of 32.5% to 37.5%

• BMO Capital Markets Corp.

• Non-callable until Jan. 20, 2025 and then subject to a 130% hurdle

• Rule 144A and Regulation S

• Proceeds to repurchase the company’s 1.875% convertible notes due 2023 in privately negotiated transactions and call the remaining outstanding amount

• Vancouver, B.C.-based silver and gold mining company

On The Horizon

ARRAY TECHNOLOGIES INC.:

• $325 million seven-year convertible notes

• Greenshoe of $48.75 million

• Rule 144A

• Proceeds to cover the cost of the call spread and pay the cash consideration of the previously announced acquisition of Soluciones Tecnicas Integrales Norland SL.

• Albuquerque, N.M.-based provider of solar tracker technology

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