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De Beers completes US$3.89 billion refinancing and US$1 billion rights issue

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De Beers Canada Inc.

On March 23, 2010, De Beers, the world's leading rough diamond company, announced that it had successfully concluded the refinancing of its $3.89 billion existing banking facilities and a $1 billion rights issue. All of the company's banking partners participated in the facility renewal. The rights issue was subscribed to in full by E Oppenheimer & Son, Anglo American plc, and the Government of Botswana in their pro rata equity proportions. The funds have been received by the company and have been used to repay debt.De Beers was advised on Canadian aspects of this transaction by Fasken Martineau with a team led by Robert Shirriff and including, among others, Thomas Meagher (banking); Dan Law, Dugan Edmison and paralegal Linda Caldwell (real estate); and William Bies and Ronald Nobrega (tax).



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