Peter Wilkes

Other Noteworthy Experience

Advising:

• Pilbara Minerals in relation to its multi tranche USD110m senior secured term loan facility with BNP Paribas and CEFC, used to refinance its Nordic project bond in relation to its Pilgangoora lithium-tantalum project. The facility included multiple term loan tranches, a working capital facility and secured hedging.
• A group of financial institutions as lenders, on waivers and amendments to the existing AUD134m multi tranche project finance facilities provided to Kalium Lakes, Kalium Lakes Potash and Kalium Lakes Infrastructure in relation to the Beyondie Sulphate of Potash Project.
• A group of financial institutions on a USD190m secured syndicated term loan facility provided to EMR Golden Grove in relation to its Golden Grove base and precious metals mine.
• Fortescue Metals on the development and financing of its integrated iron ore mine, rail and port project in Australia, from its initial global USD2bn project bond to fund the development of the project, as well as the refinancing of that project bond with a USD2bn syndicated facility and all subsequent financing transactions in relation to expansions including numerous secured and unsecured 144A bond issues from 2010 to 2020, preference share and loan note issues, ECA and equipment financing arrangements, its USD5bn secured Term Loan B financing, syndicated bank facilities and ship financing by sale and leaseback under BBC. These transactions included several deals of the year awards.
• Mitsui & Co on a prepaid offtake financing arrangement with Carpentaria Resources in relation to its Hawsons Iron Project.
• Confidential Australian mining and manufacturing company in relation to a USD210m funding package comprised of a USD70m syndicated facility agreement and multi-jurisdictional security and intercreditor arrangement with its US ABL facility and USD130m equity raising and royalty financing arrangement.
• Pilbara Minerals on an AUD80M convertible bond issue to POSCO redeemable at Pilbara Minerals election, an AUD80M share issue to POSCO, a life of mine offtake agreement and key joint venture terms for a downstream processing joint venture in Korea.
• Resource Capital Fund in relation to a USD75m secured facility provided to Wolf Minerals in connection with the project financing of Wolf’s Hemerdon Tungston Project in Devin, England. Also advised on interecreditor and royalty funding with Uni Credit Bank AG, ING Bank MV and Caterpillar Financial SARL and UFK’s guarantee support through the German government’s loan guarantee scheme.
• Pilbara Minerals on the USD100m secured project bond issue in the Nordic market to raise funding for development of its lithium tantalum mine in Western Australia. This project is the first Nordic bond issue by an Australian issuer. The bond was marketed globally with institutional investors participating from Australia, Asia, Europe and the U.S. Metals & Mining Deal of the Year 2017 IJGlobal Asia Pacific.
• EMR on the acquisition financing facility with HSBC as Facility Agent in relation to the acquisition of the Golden Grove base and precious metals mine.