Jones Day instructed on debt restructuring of Mexican copper mining company

Jones Day advised Jefferies and BCP Securities, as exchange and solicitation agents, in the restructuring of the debt of Cobre del Mayo, a Mexican copper mining company

The transaction was structured as an offer to exchange the company’s $217.2 million aggregate principal amount of 10.75% Senior Notes due 2018 for (i) $119.5 million aggregate principal amount of Senior Secured PIK Toggle Notes due 2021, plus (ii) $97.8 million aggregate principal amount of Junior Non-Interest Bearing 2045 Notes. The exchange offer was made pursuant to a private placement in the United States and under Regulation S outside the United States.

Partners Boris Dolgonos in New York and Manuel Romano in Mexico led the Jones Day team advising on the deal.

Cobre del Mayo instructed Paul, Weiss, Rifkind, Wharton & Garrison in the US and Nader, Hayaux y Goebel in Mexico.



Jones Day instructed on debt restructuring of Mexican copper mining company

Ignacio Abella

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