First Majestic Silver Raises US$350 Million in 2031 Convertible Notes and Refinances Existing Debt
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First Majestic Silver ( (TSE:AG) ) has shared an announcement.
On December 8, 2025, First Majestic Silver Corp. closed a private placement of US$350 million in unsecured convertible senior notes due 2031, following earlier announcements on December 3, 2025 about the launch and pricing of the offering and an upsized over-allotment option. The notes carry a low cash interest rate of 0.125% per year and are initially convertible at 44.7227 common shares per US$1,000 principal amount, implying a conversion price of about US$22.36 per share, with standard adjustment provisions. A portion of the net proceeds was used to repurchase approximately US$174.7 million in principal of the company’s existing 0.375% convertible senior notes for about US$214.7 million in privately negotiated transactions, effectively refinancing part of its outstanding debt on new terms and extending its maturity profile, which may improve balance-sheet flexibility and support future corporate and strategic opportunities.
The most recent analyst rating on (TSE:AG) stock is a Hold with a C$23.00 price target. To see the full list of analyst forecasts on First Majestic Silver stock, see the TSE:AG Stock Forecast page.
Spark’s Take on TSE:AG Stock
According to Spark, TipRanks’ AI Analyst, TSE:AG is a Neutral.
First Majestic Silver’s overall score is driven by strong financial performance and positive technical indicators. The strategic corporate event further supports the company’s growth prospects. However, the high P/E ratio and low dividend yield suggest potential overvaluation, which tempers the overall score.
To see Spark’s full report on TSE:AG stock, click here.
More about First Majestic Silver
First Majestic Silver Corp. is a Canada-based precious metals producer focused on the mining and production of silver and related metals. The company’s common shares are listed on multiple markets, and it frequently accesses North American capital markets to fund its operations and strategic initiatives.
Average Trading Volume: 2,431,268
Technical Sentiment Signal: Buy
Current Market Cap: C$11.09B
Learn more about AG stock on TipRanks’ Stock Analysis page.
