On Nov. 21, 2002, Standard&Poor's Ratings Services raised its ratings on silver and gold mining company Coeur D'Alene Mines Corp. (see list below) following the completion of the company's debt restructuring and Standard&Poor's subsequent review. Coeur completed a debt restructuring that involved the repayment its 6% convertible subordinated debentures due in June 2002 and exchanging the majority of its outstanding 7 ¼% and 6 3/8% convertible subordinated debentures due in 2005 and 2004 for 13.375% convertible senior subordinated notes due Dec. 31, 2003 (series I and II). The 13.375% notes were offered with a lower par value and are convertible in common stock of the company at any time at an exercise price of $1.35. Approximately
