Gilbert & Tobin advised the multinational banking syndicate made up of Citibank N.A., BNP Paribas, HSBC, Barclays Bank PLC, Nedbank Capital and Investec Bank (Australia) Limited in relation to the corporate refinancing facilities provided to the Asia Pacific gold producer.
Allens advises OceanaGold on the deal, lead by partners Ian Wallace and Marcus Clark, with senior associates Mary-Frances Murphy, Andrew Wong and Tim Stewart and lawyer Marian Pond.
The transaction was announced this week and the US$225 million term and revolving credit facilities will be used to provide additional liquidity should it be required for repayment of convertible bonds maturing in December 2012 and December 2013 and for general working capital purposes.
Gilbert & Tobin banking and finance partner Alexander Danne led the firm’s team, assisted by lawyers Orley Granot, Daniel Yim, Catherine Zahra and Michael Zheng. Senior banking and finance partner Nicholas Grambas separately advised one of the individual banks on its credit sign-off requirements.
OceanaGold Corporation is a Asia Pacific gold producer with projects located on the South Island of New Zealand and in the Philippines.