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Pan American Silver completes US$500 million acquisition financing

Fasken
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Overview

Client

The Bank of Nova Scotia and Canadian Imperial Bank of Commerce

Pan American Silver Corp. has completed USD $500 million financing of Pan American Silver Corp., the proceeds of which were partially used to acquire Tahoe Resources Inc.

This secured mine financing involved confirming existing, and taking new, security in six different countries including Canada, Barbados, Mexico, Peru, Guatemala and the Netherlands.

Fasken acted on behalf of a syndicate of banks agented by The Bank of Nova Scotia and Canadian Imperial Bank of Commerce with a team comprised of Dave Ferris (Lead), John Torrey( Banking and Finance), and Dev Singh (Banking and Finance).

 

Jurisdiction

  • Ontario

Team

  • David H. Ferris, Partner | Banking & Finance, Toronto, ON, +1 416 865 4391, dferris@fasken.com
  • John W. Torrey, Counsel | Banking & Finance, Toronto, ON, +1 416 865 4394, jtorrey@fasken.com
  • Dev Singh, Partner | Co-Leader, Banking & Finance Group, Toronto, ON, +1 416 865 4452, dsingh@fasken.com