National Bank Financial provides $140 million credit facility to finance 5N Plus Inc.'s proposed acquisition of MCP Group SA

On February 28, 2011, 5N Plus Inc. (TSX: VNP) announced that it had entered into a definitive Acquisition Agreement with the shareholders of MCP Group SA to acquire substantially all of the outstanding shares of MCP. Pursuant to the Acquisition Agreement, the shares of MCP will be purchased for a cash consideration of €105.8 million ($141.8 million), a promissory note to the vendors of €61.9 million ($82.9 million) and approximately 11.4 million common shares of 5N Plus to be issued to the vendors.

5N Plus will finance the cash consideration of the transaction with a combination of its cash on hand and new credit facilities of $140 million committed by National Bank Financial Inc.

The transaction is expected to close in mid-April 2011.

National Bank Financial provided the credit facility and acted as financial advisor to 5N Plus in this proposed transaction. National Bank Financial, in turn, was advised by Fasken Martineau with a team that included, among others, David Lemieux and Francis Trifiro.