Champion Iron's subsidiary prices upsized $500M debt offering via issuance of senior notes

June 27, 2025 01:05 AM PDT | By EODHD

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Champion Iron's subsidiary prices upsized $500M debt offering via issuance of senior notes — Image source: Kalkine Media

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Champion Iron Canada, wholly owned subsidiary of Champion Iron (OTCQX:CIAFF [https://seekingalpha.com/symbol/CIAFF]) has priced [https://seekingalpha.com/pr/20150183-champion-iron-announces-upsize-and-pricing-of-us-500-million-senior-notes-due-2032] its offering of $500 million aggregate principal amount of senior notes due 2032 at the issue price of 100%. The offering was upsized from the previously announced $450 million [https://seekingalpha.com/pr/20147316-champion-iron-announces-offering-of-us-450-million-senior-notes-due-2032] amount of senior notes. The settlement is expected to take place on or about July 2, 2025. The interest on the notes will accrue from July 2, 2025, at a rate of 7.875% per annum and will be payable semi-annually. The company intends to use the net proceeds from the offering to repay the amounts outstanding under its senior credit facilities and for general corporate purposes.

MORE ON CHAMPION IRON LIMITED * Champion Iron Limited (CIAFF) Q4 2025 Earnings Call Transcript [https://seekingalpha.com/article/4790979-champion-iron-limited-ciaff-q4-2025-earnings-call-transcript] * Champion Iron GAAP EPS of C$0.08, revenue of C$425.35M [https://seekingalpha.com/news/4453276-champion-iron-gaap-eps-of-c008-revenue-of-c42535m] * Historical earnings data for Champion Iron Limited [https://seekingalpha.com/symbol/CIA:CA/earnings] * Dividend scorecard for Champion Iron Limited [https://seekingalpha.com/symbol/CIA:CA/dividends/scorecard] * Financial information for Champion Iron Limited [https://seekingalpha.com/symbol/CIA:CA/income-statement]

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