First Majestic Silver Corp. has successfully completed a US$230-million private placement of convertible senior notes. The offering was supported by BMO Capital Markets, TD Securities Inc., and Scotia Capital (USA) Inc., who acted as the initial purchasers in the transaction. These notes are unsecured obligations of the company and are expected to mature five years from the date of issuance, unless earlier repurchased, redeemed, or converted.

The proceeds from the offering are intended for general corporate purposes, including potential debt repayment, capital expenditures, and strategic opportunities that may arise.