We advised Trevali Mining Corporation in obtaining a US$160 million senior secured term loan and a US$30million senior secured revolving working capital loan granted by The Bank of Nova Scotia and SG Americas Securities LLC, as co-lead arrangers and joint bookrunners, and The Bank of Nova Scotia, Société Générale (confidential), Export Development Canada, HSBC Bank Canada and The Toronto-Dominion Bank, as lenders.
Funds received by Trevali have been used to acquire a portfolio of zinc assets from Glencore PLC, including interests in mines in Namibia, Burkina Faso, an option to acquire 100% interest in the Heath Steele project in Canada and a mineral processing plant for its Santander mining project in Peru.
Matter value: US$190 million