SSR Mining Inc.’s $230 Million Convertible Notes Offering

SSR Mining Inc. closed its offering of $230 million aggregate principal amount of 2.50% convertible senior notes due 2039. Paul, Weiss represented the initial purchasers of the offering, led by BMO Capital Markets Corp. and RBC Capital Markets, LLC.

The notes were offered and sold pursuant to private placement exemptions. SSR Mining is a Canadian-based precious metals producer with three operations, including the Marigold mine in Nevada, the Seabee Gold Operation in Saskatchewan, Canada and the 75 percent owned and operated Puna Operations joint venture in Jujuy, Argentina. SSR Mining intends to use the net proceeds to repurchase, in separate privately negotiated transactions, approximately $150 million of its outstanding 2.875% convertible senior notes due 2033 and for general corporate purposes.

SSR Mining Inc. operates as a precious metal mining company. The Company focuses on operation, development, exploration, and acquisition of precious metal projects which includes gold, silver, and mineral properties.

The Paul, Weiss team included corporate partners Christopher Cummings (Picture), Adam Givertz and Manuel Frey and counsel Christian Kurtz; tax partner David Mayo; and environmental counsel William O’Brien.

Involved fees earner: Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; Manuel Frey – Paul Weiss Rifkind Wharton & Garrison; Adam Givertz – Paul Weiss Rifkind Wharton & Garrison; Christian Kurtz – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: BMO Capital Markets; RBC Capital Markets;

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Author: Ambrogio Visconti