On April 28, 2022, Orla Mining Ltd. refinanced its US$125 million project finance facility with a new US$150 million secured credit facility. The credit facility includes a 5-year US$100 million term facility and a 3-year US$50 million revolving facility. The proceeds from the credit facility were used to repay the existing project finance facility, with the balance of the revolving facility available for general corporate purposes and working capital.

Cassels Brock & Blackwell LLP acted for Orla with a team that included David Budd (Banking & Specialty Finance and Mining), Jennifer Wasylyk (Banking & Specialty Finance and Mining), Carla Potter (Banking & Specialty Finance and Mining), Daniel Augustinovic (Banking & Specialty Finance), and Margaret MacKinnon (Articling Student).

Heiras Abogados acted as Mexican counsel for Orla with a team that included Mauricio Heiras Garibay and Ylia Hernández Pacheco.

Roberto Vidal with Morgan & Morgan acted as Panamanian counsel for Orla.

Fasken Martineau DuMoulin LLP acted as Canadian counsel for the Agent and Lenders with a team that included Thomas Meagher, Daniel Conrad, Gordon Lee, and Diane Garrison.

Ritch, Mueller y Nicolau, S.C. acted as Mexican counsel for the Agent and Lenders with a team that included Jean Paul Farah, Gabriel Robles, Jimena Caballero Gómez, Emilio Ignacio Lie Gastelum, and Andrea Vidal.

Fabrega Molino acted as Panamanian counsel for the Agent and Lenders with a team that included Tatiana Abadia and Alejandro Vásquez V.