Agnico-Eagle Mines Enters Into US$1.2B Credit Facility

Agnico-Eagle Mines Limited entered into a US$1.2 billion unsecured amended and restated credit agreement with The Bank of Nova Scotia, as joint lead arranger and administrative agent, The Toronto-Dominion Bank, as joint lead arranger and syndication agent, and a syndicate of lenders. The previous credit facility was scheduled to mature on June 22, 2014. The new credit facility matures on June 22, 2016. It relaxes certain covenants and reduces pricing.

Agnico-Eagle was represented by 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 and Chris Vollmershausen.

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