Carey advised miner Codelco on the refinancing of a loan granted by The Bank of Tokyo-Mitsubishi UFJ for $250 million. The bank retained PPU.
Codelco (Corporación Nacional del Cobre de Chile) is a Chilean state-owned copper mining company and is headquartered in Santiago. The company faces challenging trading conditions due to falling copper prices and has recently restructured its five-year investment plan.
Partner Diego Peralta led the Carey team which acted for Codelco.
The Bank of Tokyo-Mitsubishi instructed a team fronted by partner Marcelo Armas at Philippi Prietocarrizosa Ferrero DU & Uría in Chile.