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Conyers advises Trevali Mining Corporation on its amended and restated credit agreement with existing lenders and secures facility with Glencore

Conyers advised Trevali Mining Corporation on its second amended and restated credit agreement with a syndicate of lenders for an up to US$150 million first lien secured revolving credit facility, on 6 August 2020. In addition, the Company has entered into an up to US$20 million second lien secured facility agreement with Glencore Canada Corporation, an affiliate of the Company’s largest shareholder, Glencore plc (“Glencore”). Glencore holds approximately 26.3% of the issued and outstanding common shares of the Company.

In combination, the two facilities provide additional liquidity to Trevali in the amount of up to US$45 million.

Chiara Nannini, Jennifer Panchaud and Aleisha Hollis of Conyers advised on the matter alongside Blake, Cassels & Graydon LLP

 


Chiara T. Nannini
Director

Bermuda   +1 441 298 7859


Jennifer Panchaud
Director

Bermuda   +1 441 299 4968


Aleisha Hollis
Associate

Bermuda   +1 441 279 5345


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