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Why Did Champion Iron Upsize Its US$500M Senior Notes at 7.875% Interest?
8:37am on Friday 27th of June, 2025 AEST
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Why Did Champion Iron Upsize Its US$500M Senior Notes at 7.875% Interest?
8:37am on Friday 27th of June, 2025 AEST
Key Points
Senior notes offering increased from US$450M to US$500M
Fixed interest rate set at 7.875% per annum, payable semi-annually
Proceeds earmarked for debt repayment and general corporate purposes
Notes are senior unsecured obligations guaranteed by Champion and subsidiaries
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Champion Iron (ASX:CIA)
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