SyCipLaw advises OceanaGold on Corporate Refinancing Facility
October 30, 2012
SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) acted as Philippine counsel to OceanaGold Corporation in connection with its US$225 million corporate refinancing facilities funded by a multinational banking syndicate composed of Citibank N.A., BNP Paribas, HSBC, Barclays Bank PLC, Nedbank Capital, and Investec Bank (Australia) Limited. The New Zealand-based gold company will use the facilities for repayment of convertible bonds maturing in December 2012 and December 2013 and for general working capital purposes.
According to its website, OceanaGold Corporation is a significant Asia Pacific gold producer with a portfolio of operating, development and exploration assets. Its assets are located on the South Island of New Zealand, including one of the largest gold mines there and in northern Philippines.
Mick Wilkes, Managing Director & CEO, commented that "...this corporate facility...will allow us to remain focused on delivering the Didipio Project in the Philippines over the next few months."