Ferroglobe Announces the Full Redemption of its Remaining 9.375% Senior Secured Notes Due 2025
Ferroglobe PLC - Ordinary Shares (GSM)
Last ferroglobe plc - ordinary shares earnings: 3/2 05:20 pm
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Source: GlobeNewswire
LONDON, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company,” or the “Parent”), a leading global producer of silicon metal, silicon-based and manganese-based ferroalloys, announces today that its subsidiary issuers of the 9.375% Senior Secured Notes due 2025 (the “Notes”) have given notice of full redemption of such Notes at 102.34375% of the principal amount plus accrued interest. The issuers elect to redeem an aggregate principal amount of $147,623,624 of the Notes, the entire amount outstanding as of the redemption date, plus accrued and unpaid interest and call premium of $4,075,027, assuming the expected redemption date of February 16, 2024. The Notes are being redeemed with cash on the balance sheet. “The elimination of the Senior Secured Notes is a significant milestone for Ferroglobe,” said Beatriz Garcia-Cos, Ferroglobe’s Chief Financial Officer. “Since the end of 2022, we have reduced our adjusted gross debt by roughly $370 million
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GSM
Earnings
- 2/21/24 - Beat
GSM
Sec Filings
- 3/28/24 - Form 6-K
- 3/13/24 - Form 6-K
- 3/11/24 - Form 6-K
- GSM's page on the SEC website