OZ Minerals’ $300 Million Revolving Cash Advance Syndicated Credit Facility

HWL Ebsworth has assisted ASX listed mining company OZ Minerals Ltd in securing a $300 million revolving cash advance syndicated facility.

Six major lenders came together in order to provide the syndicated facility. The multi-faceted deal also saw HWLE involved in developing a common terms deed to which the syndicated facility and several bilateral facilities will be linked.

OZ Minerals Ltd. is an Australian based mining company with a focus on copper. The Company, led by Andrew Cole, Warrick R J Ranson and Steven McClare owns and operates the Prominent Hill copper-gold mine and the Carrapateena copper-gold project located in South Australia and has a number of equity interests in listed resource companies. In 2018 OZ recorded A$1.117 billion revenues.

HWL Ebsworth advised OZ Minerals Ltd with a team including Peter Staniszewski (Picture), Nima Sedaghat and Dhanushka Jayawardena.

Involved fees earner: Dhanushka Jayawardena – HWL Ebsworth; Nima Sedaghat – HWL Ebsworth; Peter Staniszewski – HWL Ebsworth;

Law Firms: HWL Ebsworth;

Clients: OZ Minerals Ltd;

Author: Michael Patrini