Leagold Mining Corporation completion of its debt refinancing with a syndicate of lenders that included a $200 million term loan and a $200 million revolving credit facility. These loans were used to replace $238 million of existing short-term debt and will provide new financing for the Company’s growth through the phased expansion of the Los Filos mine complex and the construction of the Santa Luz project.
This was a complex transaction involving two intercreditor agreements and six jurisdictions. Most notably four of the six jurisdictions are civil law jurisdictions which present unique challenges when translating legal concepts in a common law jurisdiction deal.
Fasken advised Leagold Mining Corporation with a team comprised of Thomas Meagher(Lead), Dan Conrad(Banking and Finance), Dev Singh (Banking and Finance), Amy Carruthers (Corporate/Commercial) and Georald Ingborg (Mining).
Jurisdiction
- Ontario
