representative work

Torex Gold Enters into $150 Million Revolving Debt Facility

03/31/2021

On March 31, 2021, Torex Gold Resources Inc., through its wholly owned subsidiary Minera Media Luna S.A de C.V., entered into a two-year senior secured $150 million revolving debt facility with a syndicate of lenders comprised of the Bank of Montreal, BNP Paribas, ING Bank, The Bank of Nova Scotia and Societe Generale.

Proceeds from the debt facility may be used for general corporate and working capital purposes, including certain development expenditures and acquisitions, and can be used for letters of credit or funding of capital expenditures.

Cassels acted for Torex with a deal team that included Jay Goldman (Securities and Mining) and David Budd and Carla Potter (Banking & Specialty Finance and Mining).