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First Quantum Minerals Completes US$1.3 Billion Senior Notes Offering

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First Quantum Minerals

Acted for First Quantum Minerals Ltd. in connection with its upsized offering of US$1.3 billion aggregate principal amount of 8.625% Senior Notes due 2031.

First Quantum intends to apply the gross proceeds from the sale of the Notes towards (i) the repayment of US$750 million aggregate principal amount under the Company’s existing revolving credit facility and (ii) the redemption of US$250 million aggregate principal amount of the Company’s outstanding Senior Notes due 2025.

Fasken acted as Canadian counsel to First Quantum on the Offering with a team that included Sarah Gingrich, Perry Feldman, Payton Holliss, Shyla Halseth (Capital Markets) and Michael Coburn (Tax) and acted as UK counsel to First Quantum with a team that included Reena Modha, Jodi Katz and Thomas Wexler.