Imperial Metals Issues US$325M of High-Yield Notes

Imperial Metals Corporation completed its Rule 144A/Regulation S offering of US$325-million seven per cent Senior Notes due 2019. The proceeds of the offering of notes and borrowings under a new senior credit facility will be used to repay indebtedness, to fund capital expenditures related to the Red Chris project and for general corporate purposes.

Imperial is an exploration, mine development and operating company based in Vancouver, BC with a portfolio of interests in three operating mines Canada and the US as well as the Red Chris development project.

The initial purchasers were J.P. Morgan Securities LLC and BMO Capital Markets Corp., as joint book-running managers, and CIBC World Markets Corp., RBC Capital Markets, LLC, TD Securities (USA) LLC and Barclays Capital Inc., as co-managers.

Imperial was represented in the US and Canada by Mile Kurta, Jonathan Wiener, Michael Amm, Erin Wiley, Paulina Taneva and Mark Fitzgerald from Torys LLP; and with respect to British Columbia matters by Charlotte Bell, Lata Casciano, Kar Cheong Miu and Michael Coburn of Fasken Martineau DuMoulin LLP.

The agents were represented in the US by Ryan Bekkerus, Rodrigo Surcan dos Santos, Nakita Cuttino and Tamaron Greene (capital markets); Michael Isby (environmental), Paul Koppel (executive compensation and employee benefits) and Andrew Pagliughi (blue sky) from Simpson Thacher & Bartlett LLP; and in Canada by Robert Yalden, Christopher Main and Chima Ubani (corporate & securities) and Gregory Wylie and Joyce Bernasek (financial services) from Osler, Hoskin & Harcourt LLP.


Michael D. Amm Michael R. Coburn Kar Cheong (KC) Miu Joyce Bernasek Charlotte P. Bell Paulina Taneva Robert M. Yalden Lata C. Casciano Chima Ubani Christopher Main Gregory R. Wylie Jonathan B. Wiener