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Linklaters advises Endeavour on its $800 million debt refinancing in connection with its acquisition of Teranga

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.

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