• London
  • Vancouver
  • Camana Bay

US$180mTransaction amount

Compagnie de Miniére du Bafing / CoreX Holding

Compagnie de Miniére du Bafing Project in Côte d’Ivoire

Background

Endeavour advised CoreX Holding on a US$180 million short-term senior bridge facility relating to the Compagnie de Miniére du Bafing Project in Côte d’Ivoire

Comprehensive financial advisory role including:
  • Developing and executing the financing plan in the short timeframe. Successfully closed the financing within the allotted 3-month period
  • Conducted a market sounding process involving several prominent metals and mining banks to determine market-competitive transaction terms
  • Financial modelling, term sheet, detailed documentation negotiation and site visit management
  • Managing lender due diligence, KYC and other information requests
  • Supporting the company with the conditions precedent to achieve drawdown to complete the acquisition

Key Contacts

George Pyper

Managing Director


Daniel Hill

Director


Challenges

  • Short transaction timeline
  • Government acquisition of larger share of the company
  • DD, KYC and security structuring challenges
  • Direct shipping of 2% Ni ore – opaque market and pricing mechanisms
  • Availability of project technical detail to satisfy detailed lender DD

Solutions

  • RMB successful bid as sole lender – rapid execution
  • Foundations in place for long term replacement funding

Case Studies

US$180m

Compagnie de Miniére du Bafing / CoreX Holding

Compagnie de Miniére du Bafing Project in Côte d’Ivoire

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