Waselius represented First Quantum Minerals Ltd in the Finnish law aspects of the offering of USD 1.6 billion in aggregate principal amount of senior secured second lien notes due 2029 and the amendment and extension of First Quantum’s USD 2.2 billion corporate bank facilities.
The transaction involved an equity issuance, issuance of senior secured second lien notes and amendment of the existing bank facilities and it was the largest mining high yield deal of the decade globally.
First Quantum is a global copper company that produces copper in the form of concentrate, cathode and anode, and have inventories of nickel, gold and cobalt. They operate long life mines in several countries and employ approximately 20,000 people world-wide. First Quantum is listed on the Toronto Stock Exchange.