Silvercorp Metals Completes $150 Million Convertible Senior Notes Offering

Paul, Weiss advised BMO Capital Markets Corp. as the representative for the initial purchasers in Silvercorp Metals Inc.’s private offering of $150 million aggregate principal amount of 4.75% convertible senior notes due 2029. Silvercorp Metals is a Canadian mining company with assets in China and Ecuador. The net proceeds from the offering will be used for the construction of copper-gold mining projects outside of China, for the exploration and development of other projects, and for working capital.

The Paul, Weiss team was led by corporate partners Christopher Cummings and Christian Kurtz, and included partners Adam Givertz, Judie Ng Shortell, Bosco Yiu and Matthew Merkle, and counsel Jack Sun; tax partner Matthew Jordan, and counsel Samir Kurani; environmental counsel William O’Brien; and executive compensation counsel Jake Glazeski.