• PLS prices US$600M 6.875% Senior Notes due 2031
• Portion of proceeds to refinance A$375M drawn RCF balance
• Remaining proceeds for general corporate purposes
• Contemporaneous RCF size reduced from A$1B to A$500M

Pilbara Minerals Ltd (ASX: PLS) has announced the pricing of its US$600 million 6.875% Senior Notes due 2031. The aggregate principal amount of the offering has been increased from the initially announced US$500 million. The settlement of the offering is expected to occur on 22 April 2026, subject to customary closing conditions. The Notes will pay interest on 1 May and 1 November each year, commencing on 1 November 2026. The Notes will be guaranteed by certain wholly-owned subsidiaries of PLS. A portion of the net cash proceeds from the Notes offering will be used to refinance the Company's A$375 million drawn balance of the A$1 billion revolving credit facility (RCF). The remaining net cash proceeds will be used for general corporate purposes. Contemporaneous with the successful closing of the Notes offering, PLS will reduce the size of the RCF from A$1 billion to A$500 million.