Vizsla Silver Corp, a Canadian mineral exploration and development company, announced the successful closing of its offering of 5.00% convertible senior unsecured notes due 2031, for an aggregate principal amount of US$300 million, including an additional option exercised by purchasers for US$50 million.
In this important process, ALN provided specialized legal advice on due diligence, ensuring regulatory on compliance and facilitating the legal structuring of the transaction, which was key to securing the support of a broad global base of institutional investors.
The financing will provide Vizsla Silver with the financial flexibility necessary to move forward with the development of Panuco project in Sinaloa, optimizing the use of cash flows and enabling an aggressive exploration program, all backed by an unsecured structure with few restrictive covenants that favor autonomous capital management.
The annual coupon of 5.00% represents a significantly competitive financing cost, approximately 50% lower than traditional lines, strengthening the company´s financial position for its current projects and future strategic growth opportunities.
The financing closing is a significant milestone that reflects market confidence and the operational and financial strength that ALN helped consolidate through its expert advice in this complex and high-impact transaction in the mining industry.
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