Carey instructed on mining loan refinancing

Chilean law firm Carey advised Macquarie Bank in the structuring of a Chilean security package for a $10 million loan to Laguna Gold.

Proceeds of the new loan will be used to refinance the original 12.5 million Laguna Gold borrowed for the acquisition and further development of the Chilean companies Minera El Toqui and El Toqui Energía.

Macquarie Bank is part of the Macquarie Group, a global investment banking and diversified financial services group headquartered in Australia.

Francisco Ugarte led the team at Carey advising Macquarie Bank.

The lender also instructed Allen & Overy as counsel in Australia and Belgium, and Walkers for local law in the BVI.

The borrower retained GrilloHiggins for local counsel in Australia; Bofill Mir & Alvarez Jana, in Chile; Sherpa Law, in Belgium and Carey Olsen, in the BVI.

Ignacio Abella