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.

Lawyer(s)

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