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Stock impact report

Coeur Mining Reshapes New Gold Debt And Raises Questions On Future Returns [Yahoo! Finance]

Coeur Mining, Inc. (CDE) 
Last coeur mining, inc. earnings: 4/22 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.coeur.com
Company Research Source: Yahoo! Finance
Coeur Mining, NYSE:CDE, has completed a debt exchange tied to its acquisition of New Gold. The transaction involved a consent solicitation and restructuring of $400 million of New Gold senior notes. The company aimed to amend restrictive covenants and avoid a mandatory cash repurchase of the notes. CDE shares last closed at $19.31, with the stock up 10.0% year to date and up 139.0% over five years. The company has also seen very large gains over the past one and three years, which frames this post acquisition debt move against a backdrop of strong longer term share price performance. For investors, this debt exchange and covenant reset are central to how Coeur structures its balance sheet following the New Gold acquisition. The way the company manages obligations tied to these senior notes may influence its financial flexibility, risk profile, and options for future capital allocation. Stay updated on the most important news stories for Coeur Mining by adding it to your wat Show less Read more
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