MAL used the proceeds of these stream transactions, together with a US$230m equity raise, a US$205m senior syndicated term loan, a US$135m mezzanine loan and a US$25m revolving credit facility to fund its purchase of the CSA Mine (CSA) in Cobar, NSW from Glencore. The stream transactions and the acquisition closed on Friday 16 June 2023.
Clayton Utz partners Rohan Mishra (Banking & Financial Services) and Stuart MacGregor (National Energy and Resources Leader) led the firm's multi-disciplinary team, which included special counsel Andrew Holmes (Corporate, M&A & Capital Markets), senior associates Jackie Leggett (Banking & Financial Services), Tristan Appleby (Corporate, M&A & Capital Markets) and lawyer James Allen (Banking & Financial Services).
CSA is one of the highest-grade copper mines in Australia with a multi-decade operating history of consistent production and strong relationships with local stakeholders.
Clayton Utz is pleased to have partnered with Stikeman Elliot LLP in advising Osisko on this significant transaction.
