TORONTO, Ontario — February 11, 2026 — Leads & Copy —
First Quantum Minerals Ltd. has successfully priced its offering of $1.5 billion aggregate principal amount of 6.375% senior notes due 2036. The original offering amount of the notes, initially set at $1.35 billion, has been increased.
The issue price for the notes is 100.000%. Interest on the notes will accrue from the issue date at a rate of 6.375% per annum, payable semi-annually. The settlement is expected around February 26, 2026, pending customary conditions.
The notes represent senior unsecured obligations of the company and will be guaranteed by certain of First Quantum’s subsidiaries.
The company plans to use the gross proceeds from the sale of the notes, along with existing cash reserves, to redeem its $1.35 billion aggregate principal amount outstanding of 9.375% senior secured second lien notes due 2029, repay revolving credit facility amounts, and cover transaction fees, costs, and expenses.
First Quantum intends to issue a conditional notice of redemption to holders of its existing 9.375% senior secured second lien notes due 2029, outlining the terms of the redemption, including the redemption price determination, the expected date of calculation, the redemption date (anticipated around February 26, 2026), and other relevant terms.
Source: First Quantum Minerals Ltd.
