Premier Gold Mines Limited (“Premier”) secured a USD $50 million secured revolving term credit facility. Concurrently Premier announced financing arrangements with OMF Fund II SO Ltd. and Orion Mine Finance Fund II LP (collectively, “Orion”) for aggregate gross proceeds of approximately USD $18.2 million.
This was an extensive and complex intercreditor negotiations with five jurisdictions in which security was taken.
Fasken represented Investec Bank plc, as administrative agent for the lenders, with a team comprised of Thomas Meagher (Lead), Dev Singh (Banking and Finance) , Dan Conrad (Banking and Finance) and Stacey Hogan (Banking and Finance).
Jurisdiction
- Ontario
