First Quantum Minerals Ltd. ("First Quantum") closed an offering (the "Offering") of US$1.5 billion of 6.857% senior notes due 2027 (the "Senior Notes"). The Senior Notes will mature on October 15, 2027.
First Quantum intended to use the proceeds of the Offering towards: (i) the repayment of US$650 million principal amount under First Quantum’s revolving credit facility; and (ii) the redemption in full of First Quantum’s US$850 million aggregate principal amount of 7.25% senior notes due 2022.
Fasken acted as Canadian counsel to First Quantum on the Offering with a team that included Sarah Gingrich, Georald Ingborg, Perry Feldman, Aman Marwaha (Corporate Finance & Securities) and Michael Coburn (Tax) and acted as UK counsel to First Quantum with a team that included Reena Modha, Jodi Katz, Thomas Wexler and Maurice Wong.
