Sidley Advises First Quantum Minerals on Its Issuance of US$1.85 Billion of Senior Notes
Sidley advised First Quantum Minerals Ltd. on its issuance of US$850 million Senior Notes Due 2024 and US$1.0 billion Senior Notes Due 2026. The proceeds of the issuance will be used to repay the company’s revolving credit facility with a view to providing liquidity sufficient to fund the company’s share of remaining capital expenditures at the Cobre Panana project, to repay its term loan facility, for general corporate purposes and to pay fees associated with the offering.