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UPDATE: Hudbay Minerals Offering $150 Mln Senior Unsecured Notes; Stock Falls 2%

HudBay Minerals Inc. (HBM.TO) is offering an additional US$150 million aggregate principal amount of its 9.50% senior unsecured notes due October 1, 2020. The notes are additional to the US$500 million aggregate principal amount of 9.50% senior unsecured notes that Hudbay issued in September 2012.

The company plans to use the net proceeds from the offering for general corporate purposes and the development of its Lalor and Reed projects in Manitoba and its Constancia project in Peru.

HBM was down 2% to $7.88, trading near 52-week low $7.45.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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