Champion Iron reaches financial close on refinancing of Bloom Lake mine in Quebec

On Aug. 16, Champion Iron Limited, through its subsidiary Quebec Iron Ore Inc., completed a $185-million Preferred Equity offering to CDPQ in addition to a US$200-million credit facility with the Société Générale and Bank of Nova Scotia. The transaction allows for Champion Iron to take full control of its iron ore-producing assets, Bloom Lake. Champion Iron Limited is a producing iron development and exploration company, focused on developing its significant iron resources in the south end of the Labrador Trough in the province of Québec. 

The lenders were represented by Norton Rose Fulbright Canada and Norton Rose Fulbright Australia with a team that included Alison Babbitt,  Geoff Gilbert, Evan Cobb, Edward Anido, Michael Cockburn, JP Pelletier, Kelley Rourke, Lisa Koch and Shen Low.