Silver Standard Resources Inc. closed the previously announced offering of USD 250 million aggregate principal amount senior notes. The notes are due in 2033 and pay semi-annually at a rate of 2.88% per annum. The company intends to use up to approximately USD 138 million of the net proceeds to repurchase or redeem its existing convertible notes in March 2013 and the remaining for general corporate purposes, which may include developing or advancing its property portfolio.