H&Cía assists in $15m financing for Minera Kolpa
Hernández & Cía. has assisted a syndicate of lenders formed by Banco Santander Perú and Banco BTG Pactual – Cayman Branch in a financing operation for up to USD $15’000,000.00, in favour of Compañía Minera Kolpa.
The financing will be used mainly for investment in fixed assets to enhance the capacity of the mining unit, as well as the prepayment of existing obligations with Banco Santander Peru.
The transaction is backed by trusts over all the assets and mining rights owned by the Company for the operation of the mining unit, as well as over Minera Kolpa’s collection rights vis-à-vis its customers as a result of the economic exploitation of the mining unit, and their respective cash flows. The aforementioned guarantees were originally created to secure a facility granted by the syndicate of lenders in 2022, which remains in force, and were amended to extend them to the new obligations arising from the financing.
The transaction involved an exhaustive due diligence process carried out on the legal situation of the company and its operations, considering the variations that may have occurred since the financing granted in 2022. This comprehensive review included verification of the adequacy of environmental, operational and sectoral permits, as well as compliance with legal and regulatory obligations.
Compañía Minera Kolpa is a polymetallic mining company incorporated in Peru, owner of the Huachocolpa Uno mining unit, located in the province and region of Huancavelica. The company carries out exploration, exploitation and beneficiation of polymetallic minerals, with the objective of producing and marketing high quality and recognised copper (Cu), lead (Pb) and zinc (Zn) concentrates.
H&Cía’s team was composed of partner Jose Goyburu (pictured), senior associate Andrea Limón and associate Luciana Quintana.