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.

Lawyer(s)

Howard S. Silverman Mark O'Brien Chris Vollmershausen Robert S. Murphy Angela W. Lin Scott R. Hyman

Firm(s)

Davies Ward Phillips & Vineberg LLP Borden Ladner Gervais LLP (BLG)