Mayer Brown advises on $350 million refinancing for Endeavour Mining
26 July 2013
London - Leading global law firm Mayer Brown has advised UniCredit Bank AG, Societie Generale, BNP Paribas, ING Bank N.V and Deutsche Bank AG on the refinancing of a revolving corporate loan facility for Endeavour Mining Corporation, which included an increase in the available facility from $200 million to $350 million.
The facility is being provided for general corporate purposes, including working capital and capital expenditure, and amongst other things, the financing will help fund construction and ongoing projects at Endeavour’s three gold mines in Mali, Ghana and Burkina Faso.
Ian Coles, Banking & Finance partner, said: "We are delighted to have had the opportunity to represent a leading club of lenders such as this in connection with the Endeavour loan facility. In a choppy market for the mining and metals industry, this illustrates that finance continues to be available in the right circumstances."
Mayer Brown coordinated advice across a diverse range of jurisdictions, including Mali, Ghana, Burkina Faso, Ivory Coast, Australia, Canada, Barbados, Cayman Islands, Germany and Jersey. The team was led from London by Banking & Finance partner Ian Coles and included lawyer Shaeron Yapp, associates Alban Dorin (Paris) and Gagandeep Aujla and trainee solicitor Charles Pacey, as well as lawyers from Mayer Brown’s offices in France and Germany.