We advised Compañía Minera Lincuna S.A. and Norcobre S.A.C. on the obtaining of a US$120 million syndicated loan. The financing was granted by a syndicate of banks and was intended, among other purposes, to refinance existing debt, fund working capital needs, and support new investments related to the companies’ mining operations. The transaction played a key role in strengthening the financial structure of both mining companies.
The loan is secured by a package of local guarantees. Our advice included the structuring and negotiation of such security interests, as well as legal support in connection with the release and cancellation of a number of pre-existing guarantees, working closely with the finance teams of Compañía Minera Lincuna S.A. and Norcobre S.A.C.
The matter was handled by senior experts Patricia Gargurevich and Claudia Tomas.
