Morgan & Morgan Legal advised Orla Mining Ltd. and Minera Cerro Quema, S.A. in connection with a secured credit facility for an amount of up to US$200 million.

Panama, August 29, 2023. Morgan & Morgan Legal advised Orla Mining Ltd. (“Orla”), as borrower and Minera Cerro Quema, S.A., as guarantor (“MCQ”) with respect to a refinancing of an existing secured credit facility, increasing the facility from US$150 million to US$200 million and extending the term. The Refinancing includes a term facility and a revolving facility through a syndicate of lenders composed of The Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce.

The proceeds from the Refinancing were used to repay the existing project finance facility, with the balance of the revolving facility available for general corporate purposes and working capital.

Partner Roberto Vidal participated in this transaction.