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