Yamana Gold’s $300 Million Notes Offering


Paul, Weiss advised Canada-based gold producer Yamana Gold Inc. in its offering of $300 million aggregate principal amount of its 4.625% senior notes due 2027.

The offering was made pursuant to exemptions from registration under Rule 144A and Regulation S of the Securities Act of 1933. Yamana is a TSX- and NYSE-listed company with significant gold production, gold development stage properties, exploration properties and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, RBC Capital Markets, LLC, Barclays Capital Inc., CIBC World Markets Corp. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint bookrunning managers for the offering.

The net proceeds from the offering will be used to repay outstanding indebtedness as it comes due and, pending such use, to repay the outstanding amount on Yamana’s credit facility.

Yamana Gold Inc. led by Peter Marrone, Daniel Racine and Greg McKnight, in 2016 recorded C$ 2.368 Billion Revenues.

The Paul, Weiss team included corporate partners Christopher Cummings (Picture) and Adam Givertz and counsel Patricia Vaz de Almeida; 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; Patricia Vaz de Almeida – 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: Yamana Gold Inc.;

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Author: Ambrogio Visconti