Arnold & Porter advised Vancouver-based mining company Taseko Mines Limited on its secured high yield bond capital raise. Proceeds from the $400 million offering of 7% Senior Secured Notes due 2026 will be used to redeem outstanding bonds and fund capital expenditures.
The deal, which was completed on February 10, 2021, significantly strengthened Taseko's financial position and lowered its cost of capital. It involved six law firms between the United States and Canada.
Corporate & Finance partner Alex Gendzier led the deal team. The Corporate & Finance team also included partner Ron Levine, counsel Eric Levine, and associates Therese Fox, Brady Randall, and Alexis Wanzenberg. Partner Soo-Mi Rhee advised on regulatory matters. Counsel Kathleen Wechter advised on benefits matters. Partner David Sausen and associate Anna Parnes advised on tax matters.