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First Majestic Silver Corp.
$60 million Senior Secured Facility

In early February 2016, we acted for First Majestic Silver Corp. in connection with a senior secured credit facility provided by The Bank of Nova Scotia and Investec Bank PLC. The financing consisted of a $25 million revolving credit line and a $35 million term loan. The facility was used to settle First Majestic’ then current lead and zinc prepayment facility with Bank of America Merrill Lynch and to replace a $15 million revolving credit line the company assumed when it acquired Silver Crest Mines in late 2015.  The multi-jurisdictional financing required us to liaise with local counsel and to implement security in British Columbia, Mexico, the Netherlands, and Switzerland.

First Majestic is a producing silver company with six active producing mines in México. The shares of First Majestic are listed on the Toronto Stock Exchange under the symbol “FR&dquo; and on the New York Stock Exchange under the symbol “AG”.