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Nordic Mining bondholders vote on USD 30 million tap issue at 75% discount

PUBT·09/10/2026 15:30:53
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Nordic Mining bondholders vote on USD 30 million tap issue at 75% discount
  • Nordic Mining bondholders were summoned to vote on a USD 30 million tap issue in ERG’s Senior Secured Bonds.
  • The tap issue is priced at a 75% discount, implying USD 7.5 million in cash proceeds.
  • A minority tranche of up to USD 5.36 million is also proposed, implying USD 1.34 million of cash proceeds.
  • Full subscription would lift the maximum issue amount to USD 193.96 million.
  • Proceeds target liquidity runway to mid-October 2026, with covenant waivers extended and the August coupon deferred to Oct. 15.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nordic Mining ASA published the original content used to generate this news brief via Cision (Ref. ID: 20260910:BIT:9017:0) on September 10, 2026, and is solely responsible for the information contained therein.