Endeavour Silver Prices US$300M 0.25% Convertible Senior Notes Due 2031

Published: Dec 10, 2025 00:51

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On December 1, 2025, Endeavour Silver Corp. priced its offering of unsecured convertible senior notes due 2031, with an aggregate principal amount of US$300 million (up to US$350 million if the initial purchasers’ US$50 million option is fully exercised). The notes will carry a 0.25% annual coupon paid semi-annually. The initial conversion rate is 80.2890 shares per US$1,000 principal amount, implying an initial conversion price of approximately US$12.4550 per share, a premium of about 32.5% to the NYSE closing price on the announcement date. Proceeds will be used to repay the company’s senior secured credit facility with ING Capital LLC/ING Bank N.V. and Societe Generale, advance the Pitarrilla project in Durango, Mexico, and for general corporate purposes including strategic opportunities. The offering is expected to close on or about December 4, 2025, subject to customary conditions and exchange approvals.

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