Peruvian mining company Kolpa secures $27m loan
Peruvian mining company Compañía Minera Kolpa has secured a $27 million loan from Banco Santander Perú, Scotiabank Perú and BTG Pactual Perú (Cayman Branch), part of a financing operation that will be used by the company to refinance existing loans and as operating capital.
The transaction is secured by guarantees with trust agreements granted in Peru over the company's assets and cash flows.
Compañía Minera Kolpa carries out mining activities of exploration and exploitation of polymetallic minerals with high contents and grades of lead, silver, zinc and copper.
The company owns the Huachocolpa 1 mining complex in Huancavelica, located at an average altitude of 4,400 meters above sea level, and which is currently its only production unit, while it also holds an additional 69 mining non-productive mining concessions.
Peruvian law firm Hernández & Cía. advised the syndicate of banks that acted as lenders, Banco Santander Perú and Scotiabank Perú in the transaction, with a team led by partner José Goyburu, with associates Andrea Limón and Rafaela Chumpitazi.
Banco Santander was also advised by Ninfa Calderón, its chief legal and compliance officer, while BTG Pactual was also advised by its general counsel, Karim Abuid.
Compañía Minera Kolpa was advised by its in-house legal manager Luis Antonio La Rosa.
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