| Issuer / Guarantor | First Majestic Silver Corp |
|---|---|
| Size | USD 300mn |
| Type | Convertible |
| Leads | BMO Capital, TD Cowen |
| Maturity | 15 Jan 2031 (5.1 years) |
| Coupon | 0.125% (0 - 0.25%) |
| Premium | 42.5% (37.5 - 42.5%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | None |
| Announced | 03 Dec 2025 |