Mountain Province Diamonds completes cross-border debt refinancing

Company

Mountain Province Diamonds Inc.

Law Firm / Organization
Bennett Jones LLP

Company

Mountain Province Diamonds Special Committee

Law Firm / Organization
Stikeman Elliott LLP

Mountain Province Diamonds Inc. has completed its previously announced refinancing transaction involving the issuance of approximately $267 million (US$195 million) aggregate principal amount of its 9.000% Senior Secured Second Lien Notes due 2025. Mountain Province repaid the remaining balance of the existing notes at maturity with cash on hand.

Bennett Jones acted as legal counsel to Mountain Province Diamonds with a team  led by Sander Grieve (Mining and Capital Markets) and Oliver Loxley (Debt Capital Markets).

Financing/Investment
Mining
$ 266,794,125
Closed
15 December 2022