What price (in % of principal) is being offered for the notes and how does it compare to the current market price?

Answer

The press‑release does not give the exact price (as a percentage of principal) that First Quantum Minerals is offering for its 9.375 % senior secured second‑lien notes, nor does it state the notes’ current market price.

The only information supplied in the excerpt you provided is the headline:

“First Quantum Minerals Announces Cash Tender Offer To Purchase Its Outstanding 9.375% Senior Secured Second Lien Notes Due 2029 In A Maximum Aggregate Principal Amount Of Up To $250 Million”

and the standard boiler‑plate “(In United States dollars, except where noted otherwise).”

Because the specific pricing terms (e.g., “offered at 101 % of principal”) and the prevailing market price (e.g., “trading at 99.3 % of principal”) are not included in the text you posted, a precise comparison cannot be made from this material alone.

How to obtain the missing details

1. Read the full press‑release – The complete Globenewswire release normally contains a paragraph such as:

   “The Company is offering to purchase the notes at ___ % of principal (the “Offer Price”).”

2. Check the latest market data – The current market price of the notes is typically quoted in the same release (e.g., “the notes are currently trading at ___ % of principal on the OTC market”). If it is not quoted, you can obtain it from:

   • FINRA/OTC Markets real‑time quote for the note’s CUSIP.
     
   • Bloomberg, Reuters, or S&P Capital IQ – search for “First Quantum Minerals 9.375% Senior Secured Second Lien Notes due 2029”.

3. SEC filings – The tender offer is usually filed as a Form 8‑K (or a Form 8‑A) with the SEC. Those filings contain:

   • The exact Offer Price (percentage of principal).
     
   • The Current market price (or a “fair‑value” estimate) that the company used to set the offer.

4. Company Investor Relations page – First Quantum Minerals often posts the tender‑offer documents, FAQs, and a “Pricing Summary” that lists both the offer price and the market price at the time of the announcement.

What you can conclude right now

• Offer price: Not disclosed in the excerpt you provided.
  
• Current market price: Not disclosed in the excerpt you provided.
  

Therefore, a direct comparison (e.g., “the offer is 2 % above the market price”) cannot be performed without accessing the full press‑release, the related SEC filing, or a market data source that lists the note’s trading price.

If you can supply the missing portion of the release (or the SEC filing reference), I can immediately calculate the percentage difference and explain the implications for existing noteholders.