Endeavour Silver has taken a bold step. The company will raise 300 million through unsecured convertible notes. These notes act like loans. They are special loans that can turn into company shares later. Many investors like these notes. They offer interest. They also offer the chance to convert into shares if the company grows.
Endeavour says the notes will mature in 2031. This means the company has time before it must repay the full amount. It gives the business room to plan. The notes will follow private placement rules. This means the offer will not go to the general public. Only select institutional investors may take part. These are large firms trusted to handle complex financial products.
The company will also offer an option for investors to buy an extra 45 million in notes. This option is called a greenshoe. It works like a safety valve. It helps the company manage demand. If many investors want the notes, the extra amount becomes useful. It helps the deal stay stable.
