Corporación Nacional del Cobre de Chile (Codelco)’s $75 Million Loan


Carey and Prieto advised on the transaction

Corporación Nacional del Cobre de Chile (Codelco) secured a $75 Million Loan from Banco Latinoamericano de Comercio Exterior (Bladex).

Corporacion Nacional del Cobre de Chile, doing business as Codelco, explores, develops, processes, and sells copper. The Company offers copper cathodes and anodes, concentrates, and blisters, as well as provides by-products, such as molybdenum, anode slime, and sulfuric acid. Codelco serves customers worldwide.

Prieto advised Corporación Nacional del Cobre de Chile with Gerardo Cruzat (Picture) and Mario Gorziglia.

Carey advised Bladex with Diego Peralta Valenzuela, Paluska Solar Pleguezuelos and Fernanda Valdés.

Involved fees earner: Diego Peralta – Carey; Paluska Solar – Carey; Fernanda Valdés – Carey; Gerardo Cruzat – Prieto; Mario Gorziglia – Prieto;

Law Firms: Carey; Prieto;

Clients: Banco Latinoamericano de Comercio Exterior S.A.; Corporación Nacional del Cobre de Chile;