Hubdbay Minerals’s $600 Million Notes Offering

Sullivan & Cromwell, Goodmans and Rebaza, Alcázar & De Las Casas advised Hudbay Minerals Inc. on the transaction.
Stikeman Elliott and Latham & Watkins advised the initial purchasers.

Hudbay Minerals Inc. (TSX, NYSE:HBM) has completed its previously announced offering of US$600 million aggregate principal amount of 6.125% senior notes due 2029. The New Notes will be governed by an indenture, dated as of September 23, 2020, among the company, the subsidiaries of the company party thereto as guarantors and U.S. Bank National Association, as trustee.

Hudbay plans to use the net proceeds from the offering of the New Notes to fund the company’s previously announced redemption of all of its outstanding US$400 million aggregate principal amount of 7.250% senior notes due 2023 (the “2023 Notes”), pay any related premium, costs and expenses and for general corporate purposes.

Sullivan & Cromwell advised Hudbay Minerals Inc. with John E. Estes (Picture), Jeffrey Hochberg, Saúl Brander, Joaquín Pérez Alati, Ellen E. Hunt, José Daniel Badía Gómez and  Keith Pulling.

In Canada, Goodmans advised Hudbay Minerals Inc. with Kari MacKay, Alan Bowman, Celia Rhea and Laura Magisano.

Rebaza, Alcázar & De Las Casas advised Hudbay Minerals Inc. with Luis Miguel Elías, Valeria Sánchez Meléndez and Ana María Sánchez.

Stikeman Elliott advised Barclays Capital Inc. and the initial purchasers with Kenneth Ottenbreit, Stewart Sutcliffe, Éric Lévesque, Joseph Reynaud, Julien Robitaille-Rodriguez,  Émilie Horrocks-Denis, Maria Chantzis, Liliana Raffo, Marco Garcia and Kristopher Rodrigues.

Latham & Watkins advised the Initial Purchasers

Involved fees earner: Alan Bowman – Goodmans; Kari MacKay – Goodmans; Laura Magisano – Goodmans; Celia Rhea – Goodmans; Luis Miguel Elías – Rebaza Alcazar & De Las Casas Abogados Financieros; Valeria Sánchez – Rebaza Alcazar & De Las Casas Abogados Financieros; Ana María Sánchez – Rebaza Alcazar & De Las Casas Abogados Financieros; Éric Lévesque – Stikeman Elliott; Kenneth Ottenbreit – Stikeman Elliott; Joseph Reynaud – Stikeman Elliott; Julien Robitaille-Rodriguez – Stikeman Elliott; Stewart Sutcliffe – Stikeman Elliott; Saul Brander – Sullivan & Cromwell; John Estes – Sullivan & Cromwell; Jeffrey Hochberg – Sullivan & Cromwell; Ellen Hunt – Sullivan & Cromwell; Joaquin Perez Alati – Sullivan & Cromwell;

Law Firms: Goodmans; Rebaza Alcazar & De Las Casas Abogados Financieros; Stikeman Elliott; Sullivan & Cromwell;

Clients: Barclays Capital ; Hubdbay Minerals;

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Author: Martina Bellini