First Majestic Completes $350 Million Convertible Senior Notes Offering

Paul, Weiss advised the initial purchasers, led by BMO Capital Markets and TD Securities, in First Majestic Silver Corp.’s offering of $350 million aggregate principal amount of its 0.125% convertible senior notes due 2031. First Majestic is a mining company focused on silver and gold production in Mexico and the United States. The company intends to use the net proceeds of the offering to repay outstanding debt and for general corporate purposes, including strategic opportunities.

The Paul, Weiss team included corporate partners Christopher Cummings and Christian Kurtz; tax partner Matthew Jordan and counsel Samir Kurani; and environmental counsel William O'Brien.