The transaction involved the successful issuance by Mawam Prill S.à r.l. of EUR 790,000,000 6.00% notes due 2030 and USD 500,000,000 7.75% notes due 2030, alongside the establishment of a new revolving credit facility of up to EUR 175,000,000.

The proceeds from the notes offering are being used to repay existing indebtedness in the amount of approximately EUR 749 million, fund a distribution to the issuer’s shareholders of around EUR 441 million, and cover costs and expenses associated with the transaction. Although the notes were not guaranteed at the time of issuance, they are secured by a first-priority security interest over the same assets that secure the issuer’s obligations under the revolving credit facility, subject to certain agreed security principles and exceptions.

Our role included a advising the banks on all aspects of Luxembourg law in relation to the issuance of the new notes and the revolving credit facility and related security interests  

This transaction supported Maxam Prill in financing or refinancing its general corporate purposes and working capital needs. Active in mining and civil engineering operations worldwide, Maxam Prill operates through a vertically integrated, technology-driven platform with global production capabilities.

For more information regarding this deal, please contact our team members below.