On August 26, 2021, Eldorado Gold Corporation ("Eldorado"), a gold and base metals producer, completed its offering of US$500 million aggregate principal amount of 6.250% senior notes due 2029 (the “Notes”). Eldorado planned to use the net proceeds from the sale of the Notes to redeem its outstanding US$234 million 9.500% Senior Secured Second Lien Notes due June 2024, to repay all amounts outstanding under its existing term loan facility, to repay all amounts outstanding under its existing revolving credit facility, to pay fees and expenses in connection with the foregoing, and for general corporate purposes.
Fasken acted as Canadian counsel to Eldorado with a team led by Georald Ingborg and John Torrey, which included Perry Feldman, Blaine Bowman, Aman Marwaha, Michael Coburn, Daniel Leslie, Richard Steinberg, Kar Cheong (KC) Miu and Nicolas Leblanc.
Jurisdictions
- British Columbia
- Ontario
- Alberta
