Champion Iron Limited has announced an upsize and pricing of its senior notes offering, increasing the aggregate principal amount from the initially announced US$450 million to US$500 million. These senior notes are due in 2032 and are priced at 100.000%. The interest rate on the notes is set at 7.875% per annum, with interest payable semi-annually. Settlement of this offering is expected to occur on or about July 2, 2025, subject to customary conditions. The net proceeds from this offering are intended to repay amounts outstanding under Champion Iron's senior credit facilities and for general corporate purposes. The notes will be senior unsecured obligations of the issuer and guaranteed by the company and certain subsidiaries.