Nickel Industries completes tender offer for senior unsecured notes

Nickel Industries Limited announced the completion of its concurrent tender offer for $400 million 11.250% senior unsecured notes due October 2028. As of the expiration deadline on September 29, 2025, the company accepted valid tenders for an aggregate principal amount of $354,519,000 of the target notes. The purchase price was 105.625% of the principal amount plus accrued interest, with settlement expected on or about October 2, 2025.

Additionally, the company issued a redemption notice for the remaining outstanding amount of these target notes, termed the optional redemption. Upon the full completion of both the tender offer and the optional redemption, all of the target notes will have been redeemed.

This strategic move, combined with the earlier issuance of $800 million senior unsecured notes, is expected to enhance the company’s position as a leading producer of battery grade Class 1 nickel.