Lundin Mining Announces Closing of US$1.0 Billion of Senior Secured Notes

TORONTO, ONTARIO, Oct 27, 2014 (Marketwired via COMTEX) Lundin Mining Corporation (TSX: LUN)(OMX: LUMI) ( Lundin Mining or the Company ) is pleased to announce the closing of its offering of US$1.0 billion of senior secured notes in two tranches, US$550 million of 7.5% Senior Secured Notes due 2020 (the 2020 Notes ) and US$450 million of 7.875% Senior Secured Notes due 2022 (the 2022 Notes and, together with the 2020 Notes, the Notes ). The 2020 Notes will accrue interest at a rate of 7.5% per annum and will mature on November 1, 2020. The 2022 Notes will accrue interest at a rate of 7.875% per annum, and will mature on November 1, 2022. The net proceeds from the offering of the Notes, together with proceeds from the previously announced subscription receipt financing and streaming purchase agreement, will be used to fund Lundin Mining s pending acquisition of Freeport-McMoRan Inc. s 80% ownership stake in the Candelaria/Ojos del Salado copper mining operations and supporting infrastr
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