On July 7, 2021, Foraco International S.A. ("Foraco"), a global leading drilling services company, completed its debt refinancing by way of the early redemption of US$147 million in outstanding bonds previously raised from affiliates of Oaktree Capital Management, L.P. and Kartesia Securities IV S.A., and the issuance of a new US$100 million senior secured bonds facility with Marathon Asset Management LP. The early redemption of outstanding bonds was made by way of the repayment of US$91 million in cash and the issuance of 9,300,000 ordinary shares of Foraco.
Fasken advised Foraco on Canadian banking, securities and corporate matters with a team led by Georald Ingborg which included Thomas Meagher, Perry Feldman, Blaine Bowman and Daniel Leslie.
