We have acted as Peruvian counsel to Citibank, N.A., as Administrative Agent and The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas Securities Corp., Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and other Lenders in connection with the preparation, execution and delivery of the Fourth Amendment to the Credit Agreement, dated as of June 14, 2017 (the “Amendment”) among Sociedad Minera Cerro Verde S.A.A. (“Cerro Verde”) and Citibank, N.A., as Administrative Agent, and the Lenders that are signatories thereto. By the Credit Agreement Cerro Verde obtained loans up to US$ 1.8 billion in 2014. Pursuant to the Amendment, certain Existing Lenders increased their commitments, certain New Lenders become a party to the Credit Agreement and certain Lenders exited the transaction by assigning their respective commitments to certain existing lenders (Incremental Commitment Lenders). It was a very complex negotiation among Lenders.
Value: US$ 450,000,000 (approx.)