International law firm Milbank, Tweed, Hadley & McCloy represented First Quantum Minerals Ltd. (“FQM”) in the issuance of US$850 million senior notes pursuant to Rule 144A and Regulation S.
The proceeds of the notes were used to refinance debt under a revolving credit facility. As a leading international mining and metals company engaging in exploration, mine development and production, FQM has a global portfolio of mining assets located in Australia, Finland, Mauritania, Panama, Peru, Spain, Turkey and Zambia. The company is headquartered in Vancouver, British Columbia and employs more than 13,600 people worldwide. In 2013, sales revenues of FQM exceeded US$3,550 million.
The Milbank Global Securities team was led by partner Peter Schwartz and included associates Noel Hughes, Cora Fanning and Albert Aharonian. Also providing advice on various points in the transaction were: Tax partner Andrew Walker and associate Erika Hauser, Leveraged Finance Partner Neil Caddy, Project Finance Partner Phillip Fletcher and Project Finance associate Vicky Cox.
Milbank has advised FQM on its corporate bond issuances since 2012.
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that has been providing innovative legal solutions to clients throughout the world for more than 145 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Singapore, Tokyo and Washington, DC.
The firm’s lawyers provide a full range of legal services to the world’s leading commercial, financial and industrial enterprises, as well as to institutions, individuals and governments. Milbank’s lawyers meet the needs of its clients by offering a highly integrated and collaborative range of services across key practice groups throughout its global network. Milbank’s integrated practice is underpinned by its attorneys’ acknowledged technical excellence, sector expertise and a strong tradition of innovation and client service.
