Linklaters has advised Endeavour Mining Corporation (“Endeavour”) on its $800 million debt refinancing package (the “Refinancing”) in connection with its acquisition of Teranga Gold Corporation (“Teranga”).
The acquisition completed on 10 February 2021 creates a new top 10 global gold producer. The Refinancing consisted of an amendment and extension of Endeavour’s existing $430 million revolving credit facility and a $370 million bridge facility to consolidate existing debt instruments of both Endeavour and Teranga.
The Linklaters team was led by partner Toby Grimstone and managing associate Caroline Courtney.
