Agnico-Eagle Mines Doubles Credit Facility Lines to US$600M

On September 4, 2008, Agnico-Eagle Mines Limited entered into a US$300,000,000 unsecured revolving credit facility made available by a syndicate of lenders. The lenders were led by The Bank of Nova Scotia, as administrative agent and lead arranger, and included The Toronto-Dominion Bank (syndication agent), BMO Capital Markets (co-documentation agent), Commonwealth Bank of Australia (co-documentation agent), Royal Bank of Canada, Barclays Bank and National Bank of Canada. With its existing credit facility, the company now has available US$600 million of credit lines.

Agnico-Eagle was represented by general counsel, senior vice president, legal and corporate secretary Greg Laing, and by Davies Ward Phillips & Vineberg LLP with a team that included Scott Hyman, Robert Murphy and Mark O'Brien 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.


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