skip to main content

Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.

Lundin Mining Closes $1 Billion Offering of Senior Secured Notes

Paul, Weiss client Lundin Mining Corporation, a Canadian base metals mining company, closed an offering of $1 billion of senior secured notes in two tranches: $550 million of 7.5% senior secured notes due 2020 and $450 million of 7.875% senior secured notes due 2022. The offering was made pursuant to Rule 144A and outside the United States pursuant to Regulation S. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Scotia Capital (USA) Inc. acted as joint bookrunning managers for the offering. The net proceeds from the offering, along with proceeds from a Cdn$674 million equity financing and the sale of a stream on Candelaria's and Ojos del Salado's gold and silver production, will be used to fund the company's acquisition of Freeport-McMoRan Inc.'s 80 percent ownership stake in the Candelaria and Ojos del Salado copper mining operations in Chile.

The Paul, Weiss team included corporate partners Adam Givertz and Dale Sarro and counsel Stephen Centa; tax partner David Sicular; and environmental counsel William O'Brien.

October 27, 2014

© 2019 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy