Boliden Limited Completes Financing Transactions

In the first quarter of 2000, Boliden Limited completed two financing transactions—a $280 million structured credit facility and a $215 million cross-border rights offering. The rights offering was made in Canada (rights entitling holders to subscribe for common shares of Boliden) and Europe (receipts representing rights entitling holders to subscribe for Swedish depository receipts representing Boliden common shares) on the basis of prospectuses filed and cleared with Canadian and Swedish securities regulatory authorities and stock exchanges. The offering was one of the largest rights offerings in Canadian history and the first cross-border offering of its kind.

McMillan Binch acted for Boliden in connection with the rights offering. The McMillan Binch team consisted of Robert McDermott, Sean Farrell and Kristin Maw (Corporate and Securities), Mary-Ann Haney (Tax) and Bill Woloshyn (Banking). Herman Wilton-Siegel at Torys represented the banking syndicate and Boliden’s financial advisors.