Nevada Copper’s Debt Facility Extension

Shearman & Sterling assisted Nevada Copper Corp. and its wholly owned subsidiary, Nevada Copper Inc. in the transaction.

Nevada Copper completed the structuring and negotiating of the deferral of repayment obligations and extension of its debt facility with KfW IPEX-Bank and the extension of the longstop date for project completion tests.

The deferral and extensions under Nevada Copper’s debt facility will provide greater balance sheet flexibility and support for the completion of the ramp-up of its underground mining operations.

Nevada Copper is a U.S. copper producer and owner of the Pumpkin Hollow copper project. Shearman & Sterling previously assisted in the structuring, negotiating and closing of the financing package for the Pumpkin Hollow underground copper mining project in 2019 and various modifications and additional financings entered into since such closing. Pumpkin Hollow’s projects include both the underground mine currently in the ramp-up phase and an open pit project in development.

Shearman & Sterling team included partner Cynthia Urda Kassis (Picture) and associate Christine Fiedler.

Involved fees earner: Christine Fiedler – Shearman & Sterling; Cynthia Urda Kassis – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Nevada Copper Corp;