0001104659-13-025432.txt : 20130328 0001104659-13-025432.hdr.sgml : 20130328 20130328165534 ACCESSION NUMBER: 0001104659-13-025432 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130328 FILED AS OF DATE: 20130328 DATE AS OF CHANGE: 20130328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HudBay Minerals Inc. CENTRAL INDEX KEY: 0001322422 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 980485558 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34244 FILM NUMBER: 13724687 BUSINESS ADDRESS: STREET 1: 201 PORTAGE AVENUE, SUITE 1906 CITY: WINNEPEG STATE: A2 ZIP: R3B 3L3 BUSINESS PHONE: (204) 949-4261 MAIL ADDRESS: STREET 1: 201 PORTAGE AVENUE, SUITE 1906 CITY: WINNEPEG STATE: A2 ZIP: R3B 3L3 6-K 1 a13-8934_26k.htm 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2013

 

Commission File Number: 001-34244

 

HUDBAY MINERALS INC.

(Translation of registrant’s name into English)

 

25 York Street, Suite 800

Toronto, Ontario

M5J 2V5, Canada

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F  o            Form 40-F  x

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes o            No x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                  

 

 

 



 

EXPLANATORY NOTE

 

On March 28, 2013, HudBay Minerals Inc. (“Hudbay”) filed on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com a copy of Amending Agreement No. 3, dated as of January 4, 2013, amending Hudbay’s US$300,000,000 Credit Agreement dated as of November 3, 2010 (the “Amending Agreement”).

 

A copy of the Amending Agreement is attached to this Form 6-K as Exhibit 99.1 and incorporated herein by reference.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

HUDBAY MINERALS INC.

 

(registrant)

 

 

 

 

By:

/s/ Patrick Donnelly

 

 

 

 

Name:

Patrick Donnelly

 

 

 

 

Title:

Vice President, Legal and Corporate Secretary

 

 

Date: March 28, 2013

 

 

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EXHIBIT INDEX

 

The following exhibits are furnished as part of this Form 6-K:

 

Exhibit

 

Description

 

 

 

99.1

 

Amending Agreement No. 3, dated as of January 4, 2013, amending Hudbay’s US$300,000,000 Credit Agreement dated as of November 3, 2010.

 

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EX-99.1 2 a13-8934_2ex99d1.htm EX-99.1 AMENDING AGREEMENT NO. 3, DATED AS OF JANUARY 4, 2013

Exhibit 99.1

 

AMENDING AGREEMENT NO. 3

 

MEMORANDUM OF AGREEMENT made as of January 4, 2013,

 

B E T W E E N:

 

HUDBAY MINERALS INC.,

as Borrower,

 

- and -

 

HUDSON BAY MINING AND SMELTING CO., LIMITED,

as Borrower,

 

- and -

 

CERTAIN OF THEIR RESPECTIVE SUBSIDIARIES,

as Guarantors and/or Material Subsidiaries,

 

- and -

 

THE BANK OF NOVA SCOTIA,

as Administrative Agent,

 

- and -

 

THE LENDERS FROM TIME TO TIME PARTY TO THE CREDIT AGREEMENT.

 

WHEREAS the Borrowers, certain of their Subsidiaries, the Agent and certain financial institutions as lenders entered into a credit agreement, as amended, modified, supplemented or replaced to the date hereof (the “Credit Agreement”) dated as of November 3, 2010 and as amended May 23, 2012 and September 28, 2012;

 

AND WHEREAS the Borrowers, the Guarantors, the Agent and the Lenders wish to further amend the Credit Agreement;

 

NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the premises, the covenants herein contained and for other valuable consideration (the receipt and sufficiency of which are hereby acknowledged by each of the parties), the parties hereto agree as follows:

 



 

1.                                      Interpretation

 

(a)           All words and expressions defined in the Credit Agreement and not otherwise defined in this Agreement have the meaning specified in the Credit Agreement, as amended by this Agreement (notwithstanding the application of Section 2).

 

(b)           Sections 1.2, 1.3, 1.4 and 13.1 of the Credit Agreement are incorporated herein by reference.

 

(c)           Unless expressly stated otherwise, all references herein to sections of an agreement other than this Agreement shall be to sections of the Credit Agreement.

 

(d)           Section headings are for convenience only.

 

2.                                      Effective Date

 

The amendment set forth in Section 3 herein shall be effective on and as of the date hereof.

 

3.                                      Amendments to the Credit Agreement

 

Section 1.1 of the Credit Agreement is hereby amended as follows:

 

(a)                                 the reference in paragraph (vii) of the definition of “Permitted Debt” to “75,000,000” is deleted and replaced with “100,000,000”; and

 

(b)                                 the reference in paragraph (vi) in the definition of “Permitted Lien” to “75,000,000” is deleted and replaced with “100,000,000”.

 

4.                                      Representations & Warranties

 

Each Obligor represents and warrants to the Agent and the Lenders, acknowledging and confirming that the Agent and the Lenders are relying thereon without independent inquiry, that:

 

(a)                                 the execution and delivery of this Agreement and the performance by the Obligors of their obligations under the Credit Agreement will not violate any applicable law, judgment or order;

 

(b)                                 the representations and warranties of the Obligors contained in the Loan Documents (after giving effect to the amendments set forth herein) are true and correct in all material respects on the date hereof, both before and after giving effect to this Agreement (except to the extent such representations and warranties relate specifically to a different date, in which case such representations and warranties shall be true and correct on and as of such date); and

 

2



 

(c)                                  no Default or Event of Default (after giving effect to the amendments set forth herein) has occurred and is continuing or would arise as a result of the execution, delivery or performance of this Agreement.

 

5.                                      Confirmation of Security, etc.

 

(a)           Each Obligor hereby confirms that each of the Security Documents which it has delivered to the Agent and the Lenders:

 

(i)             remains in full force and effect as general and continuing collateral security over all of the assets, property and undertaking of such Obligor, whether now or in the future owned or acquired, and the security interests, mortgages, charges, liens, assignments, transfers and pledges granted in favour of the Agent and the Lenders pursuant to the Security Documents continue to secure all of the debts, liabilities and obligations of such Obligor to the Agent and the Lenders now or hereafter arising, to the extent provided therein; and

 

(ii)          is enforceable against it by the Agent in accordance with its terms.

 

(b)           Each of HB Peru SAC, HudBay BVI Inc. and 6502873 Canada Inc. hereby acknowledges and agrees to the terms of the Credit Agreement and agrees to be bound by all obligations of an Obligor under the Credit Agreement (as amended hereby) as if it had been an original signatory thereto.

 

6.                                      Miscellaneous

 

(a)           The parties hereto agree that this Agreement shall be a Loan Document.

 

(b)           With the exception of the foregoing amendment, the Credit Agreement shall continue in full force and effect, unamended.

 

(c)           This Agreement and the Credit Agreement shall enure to the benefit of and be binding upon the parties, their successors and any permitted assigns.

 

(d)           This Agreement may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument.

 

(e)           This Agreement shall be governed by and interpreted and enforced in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein.

 

(f)            The Obligors shall promptly cure any default in its execution and delivery of this Agreement.  The Obligors, at the expense of the Borrower, will promptly execute and deliver, or cause to be executed and delivered, to the Agent, upon reasonable request, all such other and further documents, agreements, certificates and instruments in compliance with, or accomplishment of the covenants and agreements of the Obligors hereunder or more fully to state the obligations of the Obligors as set out herein or in the Credit Agreement or to make any

 

3



 

recording, file any notice or obtain any consents, all as may be necessary or appropriate in connection therewith.

 

(g)           Time is of the essence of this Agreement.

 

4



 

IN WITNESS WHEREOF the parties hereto have executed this Agreement.

 

 

 

 

HUDBAY MINERALS INC.

 

 

 

 

 

 

 

 

 

 

by

Patrick Donnelly

 

 

 

Name:

Patrick Donnelly

 

 

 

Title:

VP, Legal & Corp. Secretary

 

 

 

 

 

 

HUDSON BAY MINING AND SMELTING CO., LIMITED

 

 

 

 

 

 

by

David S. Bryson

 

 

 

Name:

David S. Bryson

 

 

 

Title:

Senior VP, Finance

 

 

 

 

 

HUDBAY MARKETING & SALES INC.

 

 

 

 

 

 

by

Patrick Donnelly

 

 

 

Name:

Patrick Donnelly

 

 

 

Title:

VP, Legal & Corp. Secretary

 

 

 

 

 

 

HUDSON BAY EXPLORATION AND DEVELOPMENT COMPANY LIMITED

 

 

 

 

 

 

by

David S. Bryson

 

 

 

Name:

David S. Bryson

 

 

 

Title:

Senior VP and CFO

 

 

 

 

 

 

HUDBAY PERU INC.

 

 

 

 

 

 

by

Patrick Donnelly

 

 

 

Name:

Patrick Donnelly

 

 

 

Title:

Secretary

 

 

 

 

 

 

HUDBAY PERU SAC

 

 

 

 

 

 

by

Gregory Dryden

 

 

 

Name:

Gregory Dryden

 

 

 

Title:

CFO, S.A. Business Unit

 

S-1



 

 

 

HUDBAY (BVI) INC.

 

 

 

 

 

 

 

 

 

 

by

Gregory Dryden

 

 

 

Name:

Gregory Dryden

 

 

 

Title:

Director

 

 

 

 

 

 

6502873 CANADA INC.

 

 

 

 

 

 

 

 

 

 

by

Patrick Donnelly

 

 

 

Name:

Patrick Donnelly

 

 

 

Title:

VP, Legal & Corp. Secretary

 

 

 

 

 

 

Administrative Agent

 

 

 

 

 

 

THE BANK OF NOVA SCOTIA

 

 

 

 

 

 

 

 

 

 

by

Robert Boomhour

 

 

 

Name:

Robert Boomhour

 

 

 

Title:

Director

 

 

 

 

 

 

 

Clement Yu

 

 

 

Name:

Clement Yu

 

 

 

Title:

Associate Director

 

 

 

The Lenders

 

 

 

 

 

 

 

 

CANADIAN IMPERIAL BANK OF COMMERCE

 

 

 

 

 

 

by

Peter Rawlins

 

 

 

Name:

Peter Rawlins

 

 

 

Title:

Executive Director

 

 

 

 

 

 

 

Jens Paterson

 

 

 

Name:

Jens Paterson

 

 

 

Title:

Executive Director

 

S-2



 

 

 

THE BANK OF NOVA SCOTIA

 

 

 

 

 

 

 

 

 

 

by

“Ray Clarke”

 

 

 

Name:

Ray Clarke

 

 

 

Title:

Managing Director

 

 

 

 

 

 

 

Stephen MacNeil

 

 

 

Name:

Stephen MacNeil

 

 

 

Title:

Associate

 

 

 

 

 

 

THE TORONTO-DOMINION BANK

 

 

 

 

 

 

 

 

 

 

by

Sanup Gupta

 

 

 

Name:

Sanup Gupta

 

 

 

Title:

VP & Director

 

 

 

 

 

 

 

Liza Straker

 

 

 

Name:

Liza Straker

 

 

 

Title:

Vice President

 

 

 

 

 

 

ROYAL BANK OF CANADA

 

 

 

 

 

 

 

 

 

 

by

Stam Fountoulakis

 

 

 

Name:

Stam Fountoulakis

 

 

 

Title:

Authorized Signatory

 

 

 

 

 

 

 

 

 

 

 

Name:

 

 

 

Title:

 

 

 

 

 

 

BANK OF AMERICA, N.A., CANADA BRANCH

 

 

 

 

 

 

by

James K.G. Campbell

 

 

 

Name:

James K.G. Campbell

 

 

 

Title:

Director

 

 

 

 

 

 

 

 

 

 

 

Name:

 

 

 

Title:

 

S-3



 

 

 

NATIONAL BANK OF CANADA

 

 

 

 

 

 

 

 

 

 

by

Roch Ledeux

 

 

 

Name:

Roch Ledeux

 

 

 

Title:

Directeur-Director

 

 

 

 

 

 

 

Alexandre Bergeron

 

 

 

Name:

Alexandre Bergeron

 

 

 

Title:

Directeur

 

 

 

 

 

 

SOCIÉTÉ GÉNÉRALE (CANADA BRANCH)

 

 

 

 

 

 

by

Michael C. Manion

 

 

 

Name:

Michael C. Manion

 

 

 

Title:

Director

 

 

 

 

 

 

 

Simona Lungu

 

 

 

Name:

Simona Lungu

 

 

 

Title:

Director

 

S-4