PPU assists in $600m loan to Minera Escondida
Philippi Prietocarrizosa Ferrero DU & Uría Chile has assisted the lenders in a USD $600,000,000 credit facility granted in favor of Minera Escondida Limitada.
This transaction closed on November 20, 2024, and involved the Chilean and US (New York) jurisdictions. Milbank advised the lenders in NY; while Sullivan & Cromwell and Urenda Rencoret Orrego y Dörr acted as international and local counsel to the borrower, respectively.
Banco Santander acted as administrative agent and lender; and Banco Bilbao Vizcaya Argentaria- New York Branch, Bank of China Limited London Branch, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Kfw Ipex-Bank Gmbh, Sumitomo Mitsui Banking Corporation, The Bank of Nova Scotia, Industrial and Commercial Bank of China Limited, Panama Branch, Mizuho Bank, Mufg Bank, and Sumitomo Mitsui Trust Bank Limited- New York Branch acted as lenders.
PPU’s team was led by partner Daniel Parodi (pictured), with the support of associates Juan Ignacio Rosales and Tomás Canales.
