Date closed: 9/21/2015

Value: US$540 million

On September 15, 2015, Pretium Resources Inc. (Pretivm) announced a US$540 million construction financing package with Orion Mine Finance Group (Orion) and Blackstone Tactical Opportunities (Blackstone). The financing, which provides for immediate access to US$340 million at closing, will fund a substantial portion of the costs to develop an underground mine at Pretivm's Brucejack Project near Stewart, B.C. The financing is comprised of a credit facility for US$350 million, a US$150 million prepayment under a gold and silver stream agreement and a private placement of Pretivm common shares for US$40 million.  Pretivm also entered into an offtake agreement with Blackstone and Orion for the sale of the first 7.067 million ounces of refined gold produced from the Brucejack Project.

BLG represented Blackstone with a team led by Erik Goldsilver (Corporate, Mining) that included Andrew Powers (Securities, Mining) and James Mathers (Financial Services).