Gilbert + Tobin advises financiers on OceanaGold Corporation’s corporate finance facilities

22nd August 2012

Gilbert + Tobin advised a multinational banking syndicate made up of Citibank N.A., BNP Paribas, HSBC, Barclays Bank PLC, Nedbank Capital and Investec Bank (Australia) Limited in relation to the US$225 million corporate refinancing facilities provided to Asia Pacific gold producer, OceanaGold Corporation.

The transaction was announced yesterday and the US$225 million term and revolving credit facilities will be used to provide additional liquidity should it be required for repayment of convertible bonds maturing in December 2012 & December 2013 and for general working capital purposes.

Banking + Finance partner Alexander Danne led the team, assisted by lawyers Orley Granot, Daniel Yim, Catherine Zahra and Michael Zheng.  Senior Banking + Finance partner Nicholas Grambas separately advised one of the individual Banks on its credit sign-off requirements.

Commenting on the transaction, Alexander Danne said, “We are delighted to be advising on this significant financing in the current bank market. The facilities provided will allow OceanaGold to focus on the completion of key projects and ultimately on the long term growth of its business”.

This transaction highlights the firm’s continued success in securing major instructions in the resources sector. Other recent examples include Gilbert + Tobin’s key roles on the provision of five year bilateral revolving credit facilities for Iluka Resources and Silver Lake Resources’ acquisition of Integra Mining Limited.

OceanaGold Corporation is a significant Asia Pacific gold producer with projects located on the South Island of New Zealand and in the Philippines.  It is listed on the Toronto, Australian and New Zealand stock exchanges under the symbol OGC.

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