Mountain Province Diamonds’ $330 Million Offering of Senior Secured Second Lien Notes


Paul, Weiss advised Mountain Province Diamonds Inc. in its offering of $330 million aggregate principal amount of 8.000% senior secured second lien notes due 2022.

The offering was made pursuant to Rule 144A and outside the United States pursuant to Regulation S. Credit Suisse Securities (USA) LLC and Scotia Capital (USA) Inc. acted as joint book-running managers for the offering.

Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. Gahcho Kué is the world’s largest new diamond mine, consisting of a cluster of four diamondiferous kimberlites, three of which are being developed and mined under the initial 12-year mine plan.

The Paul, Weiss team included corporate partners Christopher Cummings (Picture) and Adam Givertz and counsel Stephen Centa; tax partner David Mayo; and environmental counsel William O’Brien.

Involved fees earner: Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; Adam Givertz – Paul Weiss Rifkind Wharton & Garrison; Stephen Centa – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Mountain Province Diamonds Inc. ;

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Author: Ambrogio Visconti