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Arnold & Porter Advises Taseko Mines in $400M Secured High-Yield Capital Raise

March 30, 2021

Arnold & Porter advised Vancouver-based mining company Taseko Mines Limited on its secured high-yield bond capital raise. Proceeds from the $400 million offering of 7% senior secured notes due 2026 will be used to redeem outstanding bonds and fund capital expenditures.

The deal, which was completed on February 10, 2021, significantly strengthened Taseko's financial position and lowered its cost of capital. It involved six law firms between the United States and Canada.

Corporate & Finance partner Alex Gendzier led the deal team, which also included Corporate & Finance partner Ron Levine, counsel Eric Levine and associates Therese Fox, Brady Randall, and Alexis Wanzenberg; partner Soo-Mi Rhee, who advised on regulatory matters; counsel Kathleen Wechter, who advised on benefits matters; and partner David Sausen and associate Anna Parnes, who advised on tax matters.