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Almonty Industries Inc (ASX:AII)

ALERT: Price-sensitive ASX Announcement for AII
Current share price for AII : $21.900 -5.92 (-21.28%)+
Announcement
Release
5 Jun 2026 4:46PM
Price at Release
$27.820
Full Release
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Summary
Almonty Industries Inc. announced the pricing of an oversubscribed offering of US$700 million aggregate principal amount of 2.25% convertible senior notes due 2031. The notes will be issued privately to qualified institutional buyers and are scheduled to settle on June 9, 2026. The net proceeds, estimated at approximately US$675.9 million, will be used for various purposes including refinancing existing debt and funding capped call transactions to mitigate dilution. The notes are senior unsecured obligations, with a conversion rate initially set to 36.4950 common shares per US$1,000 principal amount, reflecting a 32.5% premium over the last reported stock price. The offering is subject to customary closing conditions and regulatory approvals.
Key Points
  • Almonty Industries Inc. prices US$700 million oversubscribed convertible senior notes offering.
  • Notes will accrue interest at 2.25% per annum, maturing on July 1, 2031.
  • Net proceeds estimated at US$675.9 million, post deductions.
  • Proceeds to fund capped call transactions, refinance debt, and for corporate purposes.
  • Initial conversion rate set at 36.4950 shares per US$1,000 principal amount.
  • Notes are senior, unsecured, and convertible under certain conditions.
  • Offering subject to regulatory approvals and customary closing conditions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.