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SSR Mining prices US$200M notes offering

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SSR Mining prices US$200M notes offering

SSR Mining Inc. said March 13 that it priced its previously announced US$200 million offering of unsecured convertible senior notes due 2039.

The initial conversion rate will be 54.1082 shares per US$1,000 of notes, equivalent to an initial conversion price of about US$18.48 per share.

The offering is expected to close around March 19.

SSR Mining will use the proceeds to repurchase a portion of its outstanding 2.875% convertible senior notes and for general corporate purposes.