Gold Mountains (H.K.) International Mining Company Limited, a subsidiary of and guaranteed by Zijin Mining Group Co., Ltd., borrowed a US$840,000,000 term loan from a syndicate of 11 Chinese and international banks coordinated by China Construction Bank Corporation Fujian Branch to finance part of the approximate C$1,860,000,000 acquisition cost of Nevsun Resources Ltd. pursuant to a friendly take-over-bid launched in September 2018. Faskens acted as principal advisors to Zijin on both the acquisition and the acquisition financing with the acquisition financing team being led by Jon Holmstrom (Banking & Finance) and supported by Louise Kennedy (Banking & Finance), John Turner, Michael Boehm, Lei Huang, Janet Howard and Bradley Freelan (Securities and M&A) and Lu Chen.
Client Work
Zijin Mining enters US$870 million credit facility with China Construction Bank Corporation
Fasken
Reading Time
1 minute read
Overview
Overview
Team
Team
- Jon J. Holmstrom, Partner, Toronto, ON, +1 416 865 5125, jholmstrom@fasken.com
- John S.M. Turner, Partner | Co-Leader, Global Mining Group and Capital Markets and Mergers & Acquisitions (CM and M&A) Group Chair, Toronto, ON, +1 416 865 4380, jturner@fasken.com
- Bradley A. Freelan, Partner, Toronto, ON, +1 416 865 4423, bfreelan@fasken.com
- Lu Chen, Partner, Toronto, ON, +1 416 868 3483, lchen@fasken.com
