Hudbay Perú S.A.C’s $22.4 Million sale and leaseback agreement of mining equipment


Rebaza, Alcázar & De Las Casas, Lazo, De Romaña & CMB, Estudio Olaechea, Philipi, Pietrocarrizosa, Ferrero DU & Uría, Rubio Leguía Normand, Estudio Echecopa and CMS Grau advised on the transaction

Hudbay Perú S.A.C finalized a $22.4 Million sale and leaseback agreement with Credicorp Capital Servicios Financieros and Banco de Crédito del Perú for its mining equipment. This is one of the three sale and leaseback transaction finalized by Hudbay with Scotiabank, Interbank and Banco de Crédito del Perú. Proceeds will be used to pay the debts with Caterpillar Leasing Chile S.A.

All the refinancing transactions has been negotiates with other creditors of the company such as Bank of Nova Scotia and Wheaton Precious Metals.

Hudbay Perú S.A.C., the local subsidiary of Canadian miner Hudbay Minerals Inc., owns the Constancia copper porphyry project in Peru’s Cusco region, comprising 36 mining concessions and covering an area of 22,516ha.

Rebaza, Alcázar & De Las Casas advised Hudbay Perú S.A.C. with Luis Miguel Elías (Picture), María Fernanda Gadea and Maite Colmenter.

Lazo, De Romaña & CMB advised Credicorp Capital Servicios Financieros and Banco de Crédito del Perú with Freddy Escobar, Yesica del Carpio and Luis Andrés Ponce.

Estudio Olaechea advised Caterpillar Leasing Chile S.A. with Jesús Matos and Diego Muñiz.

Philipi, Pietrocarrizosa, Ferrero DU & Uría advised Scotiabank with Ignacio López de Romaña, Lorena Sarmiento and Ashlie Bobadilla.

Rubio Leguía Normand advised Interbank with Carlos Arata, Luis Orrego and María Claudia Arias.

Estudio Echecopar (Baker & McKenzie) advised The Nova Scotia Bank with Oscar Trelles. Asociada sénior Diana Lizárraga. Asociada Katherine Zapata.

CMS Grau advised Wheaton Precious Metals with Cecilia Gonzáles, Marite Aragaki and Claudia Tomas.

Involved fees earner: Carlos Arata – Rubio Leguía Normand; Luis Orrego – Rubio Leguía Normand; María Claudia Arias – Rubio Leguía Normand; Freddy Escobar – Lazo, De Romaña & Gagliuffi Abogados; Yésica Del Carpio – Lazo, De Romaña & Gagliuffi Abogados; Luis Andrés Ponce-Mendoza – Lazo, De Romaña & Gagliuffi Abogados; Cecilia Gonzáles – CMS Grau Abogados ; Marite Aragaki – CMS Grau Abogados ; Claudia Tomas – CMS Grau Abogados ; Jesús Matos – Estudio Olaechea; Diego Muñiz – Estudio Olaechea; Ignacio López de Romaña – Philippi Prietocarrizosa Ferrero DU & Uría; Lorena Sarmiento Aguirre – Philippi Prietocarrizosa Ferrero DU & Uría; Luis Miguel Elías – Rebaza Alcazar & De Las Casas Abogados Financieros; María Fernanda Gadea – Rebaza Alcazar & De Las Casas Abogados Financieros; Maite Colmenter – Rebaza Alcazar & De Las Casas Abogados Financieros; Oscar Trelles de Belaunde – Baker & McKenzie; Katherine Zapata – Baker & McKenzie; Diana Lizárraga – Baker & McKenzie;

Law Firms: Rubio Leguía Normand; Lazo, De Romaña & Gagliuffi Abogados; CMS Grau Abogados ; Estudio Olaechea; Philippi Prietocarrizosa Ferrero DU & Uría; Rebaza Alcazar & De Las Casas Abogados Financieros; Baker & McKenzie;

Clients: Scotiabank; Banco Internacional del Perú S.A.A. – Interbank; Banco de Crédito del Perú; Credicorp Capital; Hudbay Perú S.A.C.; Wheaton Precious Metals Corp.; Caterpillar Leasing Chile S.A.;

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Author: Ambrogio Visconti.