Multiple firms provide financing advice to Minera Tea and CEFAS
Multiple firms in Argentina, Chile and the United States have advised on the granting of a loan by the Inter-American Investment Corporation in favour of Minera Tea and CEFAS for a total amount of up to US$ 10,000,000, governed under New York law.
The loan will be used by the mining companies to make payments under certain import and service contracts related to the plant La Laja, located in the Province of San Juan in Argentina.
Calidra Chile Importaciones Minerales acted as guarantor by executing a security agreement governed by New York law and Calidra Sudamericana granted a mortgage governed by Argentine law on its corporate offices.
In addition, Minera Tea will be required to create a first priority security interest in favour of the Inter-American Investment Corporation upon completion of the construction of a lime kiln, which will consist of a registered pledge on the lime kiln.
Bruchou & Funes de Rioja, Carey Abogados and Hogan Lovells acted as counsel to the Inter-American Investment Corporation in Argentina, Chile and New York, respectively. MAGRAL Abogados acted as counsel in Argentina to the borrowing mining companies. Barros & Errázuriz acted as counsel to Calidra Chile.
Gabriela A. Nassau acted as in-house counsel to Corporación Interamericana de Inversiones, while Rodrigo de la Cueva Hurtado acted as in-house counsel to the borrowers.
Bruchou & Funes de Rioja’s team consisted of partner Analía Battaglia (pictured left), senior associate Sofía Gallo and associate Manuel Rodríguez Costi.
Hogan Lovells’ team included partner Federico De Noriega Olea (pictured centre, left) and counsel María Aldonza Sakar Almirante.
Carey Abogados’ team comprised partner Felipe Moro (pictured centre, right) and associate Victoria Alonso.
MAGRAL Abogados’ team (Martón, Agranati, Albores & Asociados) was led by partner Javier Agranati, with support from associate Luciano Carnicero.
Barros & Errázuriz’s team was represented by partner Carlos Ducci (pictured right).
