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Silver Wheaton enters into two unsecured credit facilities totaling US$2.5 billion

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Lenders

On February 28, 2013, Silver Wheaton Corp. (Silver Wheaton) finalized the terms of two new credit facilities totalling $2.5 billion, providing the company with sufficient capital to fund its payment to Vale for an amount of gold from its Salobo Mine located in Brazil, as well as from its Sudbury Mines located in Canada. The credit facilities include a $1 billion revolving credit facility having a 5 year term and a $1.5 billion bridge financing facility having a 1 year term, which replaced their Term Loan and $400 million Revolver Loan. For the facilities, The Bank of Nova Scotia and BMO Capital Markets acted as Co-Lead Arrangers and Joint Bookrunners. The lenders were advised in this matter by a team of Fasken Martineau lawyers including John Torrey, Tom Meagher and Dev Singh.

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