Mountain Province Diamonds Inc. in its $325M offering and $50M revolving credit

On December 14, 2017, Mountain Province Diamonds Inc. completed its $325-million notes offering and $50-million revolving credit agreement. The Notes were guaranteed by each of the company’s subsidiaries and were secured on a second-priority basis by substantially all of the company’s assets, including the company’s 49-per-cent participating interest in the joint venture related to the Gahcho Kué diamond mine.

Bennett Jones LLP represented Mountain Province Diamonds Inc. with a team including Sander Grieve, Linda Misetich Dann, Conrad Druzeta, Simon Grant, Brittany Sargent and Matthew Vaughan.

Paul, Weiss, Rifkind, Wharton & Garrison LLP was US counsel to Mountain Province Diamonds Inc. with a team including Adam Givertz, Stephen Centa, Ronnie Ollo and Jason Brisebois.

Shearman & Sterling LLP was US counsel to the underwriters with a team including Jason Lehner, Ana Aur, Joanna Enns and Katya Bogdanov.

Stikeman Elliott LLP was Canadian counsel to the underwriters with a team including Ivan Grbesic, Craig Mitchell, Meaghan Obee Tower, Anas Youssef, Kristina Vranjkovic and Laura von Heynitz.

Norton Rose Fulbright Canada LLP was counsel to the security agent and lenders for the revolving credit facility agreement with a team including Geoffrey Gilbert, Alison Babbitt and Edward Anido.