Stillwater Mining (SWC) -5.6% premarket after saying it will offer $300M of convertible senior...

|About: Stillwater Mining Company (SWC)|By:, SA News Editor

Stillwater Mining (SWC) -5.6% premarket after saying it will offer $300M of convertible senior notes due 2032. The notes will pay interest semi-annually and will be convertible under certain circumstances into cash, shares of SWC common stock or a combination of the two. SWC plans to utilize net proceeds to pay down debt and for general corporate purposes.