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Taseko Mines announce the increase of its revolving credit facility to US$80M from the National Bank of Canada

Date Closed

June 30, 2023

Lead Office



80.00 Million USD

On June 30, 2023, Taseko Mines Limited ("Taseko") completed the extension of the maturity date of its US$50 million Revolving Credit Facility to July 2, 2026. The facility is arranged and underwritten by National Bank of Canada ("National Bank") and can be used for general and working capital purposes. Additionally, National Bank has approved an accordion feature, permitting an increase of the facility by up to US$30 million, bringing the total potential amount to US$80 million, subject to credit approval and conditions.

Taseko, headquartered in Vancouver, British Columbia, operates the Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year.

The National Bank, headquartered in Montreal, Quebec, is the sixth largest commercial bank in Canada.

McCarthy Tetrault advised Taseko with a team led by Christopher Langdon that included Patrick Deutscher (Business) and Genevieve Loxley (Financial Services).