Ashurst advises Red 5 and Silver Lake Resources on restructured finance facility and security package following merger

Global law firm Ashurst has advised Red 5 and Silver Lake Resources Limited on its restructured hedge facility and new security package following the merger. 

Red 5 has repaid all outstanding loans under the legacy Red 5 Syndicated Facility Agreement and restructured the hedging from the legacy Silver Lake Resources Common Terms Deed as part of the restructure. 

Red 5 is an ASX-listed gold mining company. Red 5's King of the Hills Gold Project, located in the Eastern Goldfields of Western Australia, is one of Australia's top 10 gold mines by Ore Reserves Production. 

Silver Lake Resources is a gold and copper producing and exploration company operating in the Eastern Goldfields and Murchison districts of Western Australia. 

The Ashurst team was led by partners Gaelan Cooney and Marina Tinning (Projects & Energy Transition), who were assisted by associate Max Evangelisti (Projects & Energy Transition); and partner Ben Stewart and senior associate Josh Walsh (Corporate Transactions).