Export Development Canada (EDC) granted a loan agreement to CodelcoAugust 16, 2017, by - LATIN LAWYER
Cleary, Gottlieb, Steen & Hamilton LLP in New York and Chilean firm Prieto Abogados have helped Chile’s state-owned miner Codelco refinance a US$300 million loan.
The lender, Export Development Canada (EDC), hired Hogan Lovells LLP’s New York office and Chilean firm Carey.
The financing closed on 24 July.
EDC granted the original US$300 million loan to Codelco in July 2013, with this refinancing extending its maturity from July 2018 to July 2022.
Counsel to Codelco
In-house counsel – Diego Brieva
Cleary, Gottlieb, Steen & Hamilton LLP
Partner Chantal Kordula in New York
Partners Patricio Prieto and Gerardo Cruzat in Santiago
Counsel to EDC
In-house counsel – Jaclyn Marmara
Hogan Lovells LLP
Partner Russel DaSilva and associate Andrew Lee in New York
Partner Diego Peralta and associate Patricia Montt in Santiago