Other Information
−Removed: Pursuant to two privately negotiated agreements dated March 29 and April 4, 2023, Coeur exchanged $9.5 million aggregate principal amount of its 5.125% Senior Notes due 2029 for 2,155,141 shares of its common stock, par value $0.01 per share (the “Shares”).
−Removed: The issuance of the Shares was pursuant to the exemption from the registration requirements afforded by Section 3(a)(9) of the Securities Act of 1933, as amended.
+Added: (a) Other Information
+Added: On August 9, 2023, the Company entered into an amendment (the “August Amendment”) to the RCF.
+Added: The August Amendment, among other things, (1) modifies the financial covenants to provide greater flexibility during the final stages of the Rochester expansion under (a) the consolidated net leverage and consolidated senior secured leverage ratios at September 30, 2023 through the March 31, 2024, with the ratios returning to the previous levels at June 30, 2024 and (b) the consolidated interest coverage ratio at June 30, 2023 through September 30, 2023, with the ratio returning to the previous level at December 31, 2023, (2) allows up to $ 50 million, through June 30, 2024, stepping down to $ 40 million in September 31, 2024, $ 30 million in December 31, 2024 and $ 15 million thereafter, for integration costs or costs associated with establishing new facilities and certain costs associated with LCM adjustments at Rochester to be excluded from the calculation of Consolidated EBITDA for purposes of the RCF, (3) increases the interest rate on certain borrowings through June 30, 2024, and (4) restricts certain acquisitions through March 31, 2024.
+Added: This summary of the August Amendment is qualified in its entirety by reference to the August Amendment filed as Exhibit 10.1 to this Report and incorporated herein by reference.
+Added: (c) Trading Plans
+Added: During the quarter ended June 30, 2023, no director or Section 16 officer adopted or terminated any Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements (as defined in Item 408(a) of Regulation S-K).
+Added: 10.1 Eighth Amendment to Credit Agreement, August 9, 2023, by and among Coeur Mining, Inc., certain subsidiaries of Coeur Mining, Inc., as guarantors, the lenders party thereto and Bank of America, N.A., as administrative agent (Filed herewith).
31.1 Certification of the CEO (Filed herewith).
10 unchanged sentences
104 Cover Page Interactive Data File (formatted as Inline XBRL and included in Exhibit 101).
−Removed: * The following financial information from Coeur Mining, Inc.'s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, formatted in XBRL (Extensible Business Reporting Language):
+Added: * The following financial information from Coeur Mining, Inc.'s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, formatted in XBRL (Extensible Business Reporting Language):
Consolidated Balance Sheets, Consolidated Statements of Comprehensive Income (Loss), Consolidated Statements of Cash Flows and Consolidated Statement of Changes in Stockholders' Equity.
1 unchanged sentence
COEUR MINING, INC.
−Removed: Dated May 10, 2023 /s/ Mitchell J.
+Added: Dated August 9, 2023 /s/ Mitchell J.
President and Chief Executive Officer (Principal Executive Officer)
−Removed: Dated May 10, 2023 /s/ Thomas S.
+Added: Dated August 9, 2023 /s/ Thomas S.
Senior Vice President and Chief Financial Officer (Principal Financial Officer)
−Removed: Dated May 10, 2023 /s/ Ken Watkinson
+Added: Dated August 9, 2023 /s/ Ken Watkinson
KEN WATKINSON
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.