Financing ·
Almonty Industries Inc. closed an offering of US$800 million in 2.25% Convertible Senior Notes due 2031 on June 9, 2026
ALMAlmonty Industries Inc.
Almonty Industries Inc. closed an offering of US$800 million in 2.25% Convertible Senior Notes due 2031 on June 9, 2026. The issuance included the full exercise of a US$100 million purchase option, resulting in net proceeds of approximately US$772.7 million after expenses. The company allocated approximately US$83 million of these proceeds to fund capped call transactions with Bank of America, N.A. and Goldman Sachs & Co. LLC to mitigate potential dilution. The remaining funds are intended for working capital and general corporate purposes, including potential acquisitions. The notes carry a 2.25% annual interest rate payable semi-annually starting January 1, 2027. Almonty Industries Inc. is a mining company focused on tungsten production.