Agnico-Eagle Increases Credit Lines to US$900M

On June 15, 2009, Agnico-Eagle Mines Limited entered into an amended and restated US$600 million unsecured revolving credit facility that matures June 2012. The facility amends and restates a US$300 million facility of Agnico-Eagle that was scheduled to mature September 2010. At the same time, Agnico-Eagle amended and restated its other US$300 million unsecured revolving credit facility that is scheduled to mature January 2013. As a result of these transactions, Agnico-Eagle now has US$900 million of credit lines. The joint lead arrangers for the US$600 million facility are The Bank of Nova Scotia and The Toronto-Dominion Bank. The co-lead arrangers under the US$300 million facility are The Bank of Nova Scotia and Société Générale (Canada Branch).

Agnico-Eagle was represented by R. Gregory Laing, general counsel, senior vice-president, legal and corporate secretary and by Davies Ward Phillips & Vineberg LLP with a team that included Scott Hyman, Robert Murphy, Mark O'Brien and Chris Vollmershausen in Toronto and Darren Novak in New York.

The lenders were represented by a team from Borden Ladner Gervais LLP that included Howard Silverman and Angela Lin.