LOS ANGELES (April 13, 2011) — International law firm McDermott Will & Emery LLP today announced that it successfully represented its client Thompson Creek Metals Company Inc. in connection with a $132 million equipment financing deal with Caterpillar Financial Services Limited.
Thompson Creek Metals Company Inc. is a growing, diversified North American mining company. The newly financed equipment, which is expected to include haul trucks, shovels, drills, loaders, dozers and other units of mining support equipment, will be used for the development and exploitation of Thompson Creek’s Mt. Milligan copper-gold mine located in British Columbia, Canada.
The McDermott financing team was led by Los Angeles-based Corporate partner Gary Rosenbaum and associate Bryan Swatt, both of whom had earlier represented Thompson Creek Metals in December 2010 in connection with a $300 million senior secured revolving credit facility led by JPMorgan Chase Bank, N.A. "This is the second financing that we have completed for Thompson Creek Metals since it acquired the Mt. Milligan mine in October 2010, and we are delighted to have been able to help them expand their strategic business initiatives,” said Rosenbaum. “The Caterpillar attorneys were constructive and creative which enabled us to negotiate a deal that suited Thompson Creek Metals' needs."
McDermott’s Global Finance Practice Group represents U.S., UK, European, Japanese and other international commercial banks, institutional investors, investment banks, investment funds, corporate and special purpose borrowers and other financial institutions. The Firm advises on numerous transactions and financial products, including private placements, leveraged and asset-based financings, syndicated and bilateral lending, project financings, cross-border financings, commercial banking, credit tenant loans, securitizations, acquisition and venture capital financing, cash management products, letters of credit, mergers and acquisitions in the banking sector and DIP and restructuring financings.
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Rome, Silicon Valley and Washington, D.C. Extending our reach to Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.