Consolidated Thompson Iron Mines Enters Into US$250M Credit Facility

On December 16, 2010, Consolidated Thompson Iron Mines Limited and The Bloom Lake Iron Ore Mine Limited Partnership entered into a new credit facility in the amount of US$250 million with a syndicate of lenders, comprising Bank of Montreal, Canadian Imperial Bank of Commerce, Royal Bank of Canada, WestLB AG, New York Branch and Caisse centrale Desjardins.

Consolidated Thompson's legal team was led by in-house counsel, Valéry Zamuner, who received support from Fraser Milner Casgrain LLP with a team that included Charles Spector, Barbara Farina, Guy Paul Allard, Giancarlo Salvo and Jane Bogaty in Montréal; Heidi Clark in Toronto and Jennifer Dezell in Vancouver.

The lenders were represented by Davies Ward Phillips & Vineberg LLP with a team that included Nicholas Williams, Derek Vesey and Jennifer Pankratz in Toronto, and Alain Roberge, Annie Beaudoin and Christopher Karambatsos in Montréal.