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Trevali closes acquisition of the Rosh Pinah and Perkoa zinc mines and US$190 million credit facilities

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0930032 B.C. Ltd.

Trevali Mining Corporation (“Trevali”) completed the acquisition of a portfolio of zinc assets from Glencore PLC, and certain of its subsidiaries, including an 80% interest in the Rosh Pinah mine in Namibia, a 90% interest in the Perkoa mine in Burkina Faso, an effective 39% interest in the Gergarub project in Namibia, an option to acquire 100% interest in the Heath Steele project in Canada including certain related exploration properties and assets (together, the “Assets”). The aggregate purchase price for the Assets of US$417.86 million was funded in part by advances under a US$160-million senior secured term loan and a US$30-million senior secured revolving working capital loan (together, the “Facility”), in each case made available to the Trevali by The Bank of Nova Scotia and SG Americas Securities LLC, as co-lead arrangers and joint bookrunners (the “Co-Lead Arrangers”), and The Bank of Nova Scotia, Société Générale, Export Development Canada, HSBC Bank Canada and The Toronto-Dominion Bank, as lenders (the “Lenders”).  The Facility was secured on certain assets of Trevali and its subsidiaries located in Canada, Peru, Namibia, Switzerland, England and Bermuda.
Lead counsel to the  Co-Lead Arrangers and the Lenders was Fasken Martineau with a team that included Thomas Meagher, Jay Choi and Jason McMurtrie of the Toronto office, Thomas Wexler, Jane Wang and Laura Bradley of the London office, Ashen Jugoo, Ndumiso Dyantyi and Hlatse Nkune of the Johannesburg office, and Ferg McDonnell of the Vancouver office.



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