The Bank of Nova Scotia, HSBC Bank Canada and RBC Capital Markets co-lead syndicate of international lenders in the provision of a US$1.0 billion term loan to Kinross Gold Corp.

On March 7, 2022, Kinross Gold Corporation (“Kinross Gold”), a Canadian-based gold and silver mining company, completed the arrangement of a US$1.0 billion term loan provided by a syndicate of lenders led by The Bank of Nova Scotia (“Scotiabank”), HSBC Bank Canada and RBC Capital Markets as Joint Lead Arrangers.

Kinross Gold intends to use the proceeds of the financing to repay amounts drawn under its US$1.5 billion revolving credit facility in connection with the closing of its acquisition of Great Bear Resources Ltd.

Fasken advised the syndicate of lenders in connection with this financing with a team comprised of David Ferris and Daniel Leslie.