First Quantum Minerals Inc. (First Quantum) closed a US$750 million tap issuance offering of Senior Notes (the Offering), comprised of US$500 million of 7.25% Senior Notes due 2023 and US$250 million of 7.50% Senior Notes due 2025.
First Quantum intended to use all of the proceeds from the Offering to redeem in full its outstanding Notes due 2021, including the payment of accrued and unpaid interest and to repay (but not cancel commitments) $450 million of amounts outstanding under First Quantum’s revolving credit facility.
Fasken acted as counsel to First Quantum with a team that included Sarah Gingrich, Georald Ingborg, Reena Modha, Jodi Katz, Thomas Wexler, Perry Feldman and Matthew Bennett.
