Gibson Dunn Represented Coeur Mining in $385.8 Million Exchange Offer and Consent Solicitation for New Gold Senior Notes
Firm News | May 1, 2026
Gibson Dunn represented Coeur Mining, Inc. (NYSE: CDE), a U.S.-based diverse precious metals producer, in its private exchange offer to eligible holders for any and all of the outstanding 6.875% Senior Notes due 2032 issued by New Gold Inc., in exchange for Coeur’s 6.875% Senior Notes due 2032 and cash, in connection with Coeur’s acquisition of New Gold.
Coeur exchanged $385,800,000 aggregate principal amount of New Gold’s Senior Notes (representing 96.45% of the outstanding New Gold Senior Notes) for $385,774,000 aggregate principal amount of new notes and approximately $771,600 in cash. The exchange offer settled on April 22, 2026.
Our team included partner Eric Scarazzo, of counsel Rodrigo Surcan, and associate Mashoka Maimona. Partners Darius Mehraban and Andy Chen and associate Stephen Arvid Berg advised on finance aspects. Partner Kathryn Kelly and associate Eytan de Gunzburg advised on tax aspects.