Cerro Verde’s $350 Million Syndicated Loan

Rodrigo, Elías & Medrano and Mayer Brown advised Cerro Verde on the transaction.
Estudio Echecopar (Baker McKenzie) and Davis Polk & Wardwell advised the banks

Cerro Verde secured a $350 million syndicated loan from a banking syndicate including Citibank (Puerto Rico), Scotiabank (Nueva York), Banco Bilbao Vizcaya Argentaria BBVA (Nueva York), Bank of Montreal, BNP Paribas, ING Capital LLC, Intesa Sanpaolo SPA (Nueva York), Mizuho Bank Ltd., MUFG Bank, Ltd and Sumitomo Mitsui Banking Corporation.

Sociedad Minera Cerro Verde SAA is a Peru-based company active in the mining sector. The Company is engaged in the extraction, exploitation and commercialization of copper from the deposits located in the southwest of the Arequipa city. It is also involved in the production, distribution and sale of copper cathodes.

Rodrigo, Elías & Medrano advised Cerro Verde on the transaction with a team including Eduardo López (Picture), José Talledo, Nydia Guevara and Sebastián Briceño.

Mayer Brown advised Cerro Verde with a team including Juan Pablo Moreno, David Duffee, Luis A. Schrader and Emily M. Gleichert

Estudio Echecopar (Baker McKenzie) advised Citibank (Puerto Rico), Scotiabank (Nueva York), Banco Bilbao Vizcaya Argentaria BBVA (Nueva York), Bank of Montreal, BNP Paribas, ING Capital LLC, Intesa Sanpaolo SPA (Nueva York), Mizuho Bank Ltd., MUFG Bank, Ltd and Sumitomo Mitsui Banking Corporation with a team including Marco Alarcón and Adrián Tovar.

Davis Polk & Wardwell advised the banks in US.

Involved fees earner: Marco Alarcon – Baker McKenzie; Adrian Tovar Ayllón – Baker McKenzie; David Duffee – Mayer Brown; Emily Gleichert – Mayer Brown; Juan Pablo Moreno – Mayer Brown; Sebastián Briceño Brignole – Rodrigo, Elías & Medrano Abogados; Nydia Guevara – Rodrigo, Elías & Medrano Abogados; Eduardo López – Rodrigo, Elías & Medrano Abogados; José Talledo – Rodrigo, Elías & Medrano Abogados;

Law Firms: Baker McKenzie; Mayer Brown; Rodrigo, Elías & Medrano Abogados;

Clients: Banco Bilbao Vizcaya Argentaria (Bbva); Bank of Montreal; BNP Paribas; Citibank; ING Capital LLC; Intesa Sanpaolo S.p.A.; Mizuho Bank; MUFG Bank, Ltd.; Scotiabank; Sociedad Minera Cerro Verde S.A.A.; Sumitomo Mitsui Banking Corporation;

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Author: Ambrogio Visconti