First Quantum completes US$1.6 billion offering

Company

First Quantum Minerals Ltd.

Company

BMO Capital Markets

Law Firm / Organization
Stikeman Elliott LLP

Company

Goldman Sachs

Law Firm / Organization
Stikeman Elliott LLP

First Quantum Minerals Ltd. has completed the previously-announced offering of US$1.6 billion aggregate principal amount of 9.375 percent senior secured second lien notes due 2029.

The syndicate of underwriters was led by RBC Capital Markets, BMO Capital Markets and Goldman Sachs as joint bookrunners and included BNP Paribas (Canada) Securities Inc., ING Bank N.V., J.P. Morgan Securities Canada Inc., Absa Bank Limited, CIBC World Markets Inc., Natixis Securities Americas LLC, The Standard Bank of South Africa Limited, TD Securities Inc., Canaccord Genuity Corp. and National Bank Financial Inc.

Fasken acted as Canadian counsel to First Quantum on the offering with a team that included Sarah Gingrich, Georald Ingborg, Perry Feldman, Payton Holliss and Shahd Al-Orfali.

Fasken acted as UK counsel to First Quantum on the offering with a team that included Jodi Katz, Thomas Wexler, Reena Modha and Lucinda Patrick-Patel.

Skadden, Arps, Slate, Meagher & Flom LLP acted as US counsel to First Quantum.

Stikeman Elliott acted for the syndicate of underwriters with a team that includes Ivan Grbešic, Steven Bennett, Christian Vieira (Capital Markets – Equity); D'Arcy Nordick and Daniela Chang (Capital Markets - Debt); Mark Schumacher (Capital Markets – Equity/Debt); Jill Winton (Tax); Michael Laskey and David Feldman (Regulatory).

Ropes & Gray LLP acted as US counsel to the underwriters.  

Public/Private Offering
Mining
$ 2,194,640,000
Closed
29 February 2024