debt
confidence high
sentiment neutral
materiality 0.65
Southern Copper closes $1.25B 5.350% note offering due 2036 for Tia Maria project and capex
SOUTHERN COPPER CORP/
- Issued $1.25B aggregate principal of 5.350% notes due June 24, 2036.
- Net proceeds of approximately $1.241B after underwriting discounts and expenses.
- Proceeds to fund Tia Maria project, SPCC capital expenditure program, and general corporate purposes.
- Notes are unsecured and rank equally with all existing and future unsecured unsubordinated debt.
- Offering completed June 24, 2026; underwriters included BofA Securities, Morgan Stanley, Barclays, Santander.