Cameco Corporation closed a revolving credit facility in the aggregate principal amount of US$1.25 billion.
The syndicated credit facility was agented by Royal Bank of Canada, as administrative agent, and is being made available by a syndicate of financial institutions led by RBC Capital Markets, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia, Citigroup Global Markets Inc. and TD Securities, as co-lead arrangers, and RBC Capital Markets, as sole bookrunner.
Cameco is one of the world's largest uranium producers, and a leading provider of processing services required to produce fuel for nuclear power plants.
Cameco was represented by Osler, Hoskin & Harcourt LLP with a team that included Richard Borins and Janice Lao (fi-nancing) and Kimberley Wharram (tax).
The administrative agent was represented by Bennett Jones LLP with a team that included Mark Rasile, Helgi Maki and Simon Grant (financing) and Tom Bauer (tax).