Coeur d?Alene Mines Corp.'s Proposed $200M Unsecured Notes Rated ?BB-? (Recovery Rating: 2) - S&P Global Ratings’ Credit Research

Coeur d?Alene Mines Corp.'s Proposed $200M Unsecured Notes Rated ?BB-? (Recovery Rating: 2)

Coeur d?Alene Mines Corp.'s Proposed $200M Unsecured Notes Rated ?BB-? (Recovery Rating: 2) - S&P Global Ratings’ Credit Research
Coeur d?Alene Mines Corp.'s Proposed $200M Unsecured Notes Rated ?BB-? (Recovery Rating: 2)
Published Jan 24, 2013
1366 words — Published Jan 24, 2013
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Abstract:

New York (Standard&Poor's) Jan. 24, 2013—Standard&Poor's Ratings Services today assigned its issue-level rating of 'BB-' (one notch higher than the corporate credit rating) to Coeur d'Alene Mines Corp.'s proposed $200 million unsecured notes due 2021. The recovery rating on the loan is '2', indicating our expectation of a substantial (70% to 90%) recovery in the event of a payment default under our default scenario. The ratings are based on preliminary terms and conditions. The revolving credit facility is unrated. Proceeds will be used to prefund capital expenditures and for general corporate purposes, including redeeming any 3.25% convertible senior notes that are put to the company on or after March 15, 2013. The 'B+' corporate credit rating

  
Brief Excerpt:

RESEARCH Coeur daÇÖAlene Mines Corp.'s Proposed $200M Unsecured Notes Rated aÇÿ##-aÇÖ (Recovery Rating: 2) Publication date: 24-Jan-2013 Primary Credit Analyst: Gayle M Bowerman, New York (1) 212-438-1000; gayle_bowerman@standardandpoors.com...

  
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MLA:
S&P Global Ratings’ Credit Research. "Coeur d?Alene Mines Corp.'s Proposed $200M Unsecured Notes Rated ?BB-? (Recovery Rating: 2)" Jan 24, 2013. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Coeur-d-Alene-Mines-Corp-s-Proposed-200M-Unsecured-Notes-Rated-BB-Recovery-Rating-2-1066288>
  
APA:
S&P Global Ratings’ Credit Research. (). Coeur d?Alene Mines Corp.'s Proposed $200M Unsecured Notes Rated ?BB-? (Recovery Rating: 2) Jan 24, 2013. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Coeur-d-Alene-Mines-Corp-s-Proposed-200M-Unsecured-Notes-Rated-BB-Recovery-Rating-2-1066288>
  
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