Squire Patton Boggs Advises on US$135 Million Debt Restructuring of Metals Exploration plc

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Squire Patton Boggs has advised Metals Exploration plc on its US$135 million debt restructuring and readmission to AIM.

Metals Exploration plc is a natural resources exploration and development company with assets in the Pacific Rim region, including the Runruno Gold Project in the Philippines.

The Squire Patton Boggs team, led from Singapore and London by Corporate partners Brian Gordon and Jayson Marks and Financial Services partner Jessica Kenworthy, advised the company on the restructuring of its existing senior and mezzanine facilities, a new revolving credit facility and new relationship agreements with its two largest shareholders.

Darren Bowden, Chief Executive Officer of Metals Exploration plc, said, “We would like to thank the Squire Patton Boggs team for its valuable advice and support throughout this difficult period for the company and look forward to being able to concentrate on operations and taking advantage of the current gold price environment with our new sustainable financial platform.”

Brian Gordon commented, “Our team has a wealth of experience in this sector and we were delighted to bring it to bear in support of the management team at Metals Exploration and help them secure a more stable future for the benefit of all its stakeholders.”

“It was a real pleasure to work so closely with the Metals Exploration team over many months in delivering this, at times challenging, transaction and to be able to secure the company’s re-admission to AIM,” added Jayson Marks.

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