Rebaza, Alcázar & De Las Casas advised Interbank and Santander, as lenders, in the negotiation and disbursement of 2 bridge loans, for US$ 15 million each, granted to Operadores Concentrados Peruanos – OCP, an important Peruvian mining copper company, operating on more than 60 mining concessions. The disbursement of both loans was made on June 6, 2024.
Bogh loans are secured by a complex securities structure, comprising a guarantee trust, managed by TMF, over OCP’s shares, cash flows from copper sales to OCP’s clients, and all assets comprising the Copper Mining Unit, which includes real estate, movable property and concessions; as well as a joint and several corporate guarantee granted by a company’s shareholder.
The proceeds obtained were used to repay bridge financings granted by the same banks, and to finance CAPEX and working capital expenditures.
The Firm assisted in the negotiation and process of disbursement of both bridge loans, as well as the trust and the corporate guarantee.