A CA$1.1 Billion transaction is completed for Nemaska Lithium Inc.

June 18, 2018


Nemaska Lithium Inc. completes an overall financing package of CA$1.1 Billion. A team of LRMM professionals acted as legal advisors for Pareto Securities and Clarksons Platou Securities, as joint lead managers of Nemaska’s US$350 Million Bond Offering.

A team of LRMM lawyers, notaries and paralegals headed by Marvin Liebman acted as legal advisors to Pareto Securities, an independent full service investment bank with a leading position in the Nordic capital markets and a strong international presence within the energy sectors, and Clarksons Platou Securities, a strong and diversified investment banking arm of the Clarksons Group with a powerful research expertise and deep knowledge within the global maritime sectors, in connection with a US$350 Million offering (the “Bond Offering”) of senior secured callable bonds (the “Bonds”) for Nemaska Lithium Inc. (“Nemaska”). The Bond Offering was one of the components of an overall CA$1.1 Billion financing package raised by Nemaska.

The Bonds are senior debt of Nemaska and will be secured by its assets and the assets of certain of its subsidiaries. LRMM is currently assisting the Bond trustee with respect to the drafting, negotiation and implementation of the necessary security package.

The proceeds of the CA$1.1 Billion financing package raised by Nemaska will be used for the costs and expenses associated with the development and operation of Nemaska’s Whabouchi lithium mine and Shawinigan electrochemical plant.

LRMM worked on this complex transaction together with law firms in other jurisdictions. The LRMM team was composed primarily of Marvin Liebman, Cindy Afram, Martine Comeau, Elena Nanocchio, Alexa Rahal, Antoine Leduc, Jane Bogaty (all in real estate and/or financing) and Jean-Roch Boivin (securities).