8 March 2024

First Quantum Minerals successfully issues USD 1.6 billion senior secured second lien notes

Féline GoyartsAnastasiia Kutakh+ 2 other team members

First Quantum Minerals refinances USD 2.7Bn senior secured notes through debt and equity

In a joint team with Skadden's London team, De Brauw assisted First Quantum Minerals Ltd. in its offering of USD 1,600,000,000 in senior secured second lien notes and 139,932,000 common shares approximately $1,150 million in new equity. The net proceeds from the both offerings are intended to be applied towards the redemption of all of its outstanding senior notes due 2025 and 2026.