Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Primero Mining secures US$75 million financing

Reading Time 1 minute read Subscribe



Bank of Montreal and The Bank of Nova Scotia

On May 26, 2014, Primero Mining Corp. closed a US$75 million revolving credit facility with a syndicate of lenders. The Line of Credit has a three year term and a floating interest rate. Concurrent with and as a condition of closing the transaction, Primero repaid an outstanding $27 million promissory note held by Goldcorp Inc. bearing interest of 6% and originally due December 31, 2015. Fasken Martineau was lead advisors to the Bank of Montreal and Scotiabank in the financing and intercreditor negotiations with Silver Wheaton Corp, Goldcorp Inc. and Primero with a team led by Thomas Meagher, and including John Torrey, Stuart Brotman, Brian Wright, Dan Law, Christopher Steeves, Dev Singh and Jason McMurtrie.



    Receive email updates from our team