Acted for First Quantum Minerals Ltd. (“First Quantum”) in connection with its offering of US$1,500 Million aggregate principal amount of 6.375% Senior Notes due 2036.
First Quantum intends to apply the gross proceeds from the sale of the Notes, together with cash on balance sheet, to redeem in full its US$1,350 million aggregate principal amount outstanding of existing 9.375% senior securities second lien notes due 2029, to repay certain drawn revolving credit facility amounts and to pay transaction fees, costs and expenses.
Fasken acted as Canadian counsel to First Quantum on the offering with a team that included Sarah Gingrich, Perry Feldman and Aman Marwaha (Capital Markets), KC Miu (Banking & Finance), Michael Coburn (Tax), Robyn Gurofsky (Insolvency and Restructuring) and acted as UK counsel to First Quantum with a team that included Reena Modha, Jodi Katz, Thomas Wexler, Danuta de Vries and Lucinda Patrick-Patel.
