Business
COMPLETION OF LOS PELAMBRES EXPANSION FINANCING
COMPLETION OF LOS PELAMBRES EXPANSION FINANCING.
About this update from Antofagasta Plc
[{"type":"text","content":"\n \nRNS Number : 1508V Antofagasta PLC 04 April 2019 \n\nNEWS RELEASE, 4 APRIL 2019\n \n \nCOMPLETION OF LOS PELAMBRES EXPANSION FINANCING\n100% OF PROJECT COST DEBT FINANCED\n \nToday Antofagasta plc's subsidiary Antofagasta Minerals SA announced the completion of the financing of the Los Pelambres Expansion Project with the full $1.3 billion project cost being debt financed by Los Pelambres.\nIvan Arriagada, the CEO of Antofagasta plc, commented, \"I am pleased the expansion of Los Pelambres has been financed on favourable terms with the support of a strong group of lenders. This demonstrates the significant financing capacity of the Group and will enhance the already strong returns of the project\".\nThe debt financing consists of two tranches, one of $425 million with a 10-year term from Japan Bank for International Cooperation (JBIC) and the other of $875 million with 7-year term from a consortium of international banks (Mizuho Bank, Export Development Canada, Scotiabank, Sumitomo Mitsui Banking Corporation (SMBC) and Bank of China). The second tranche received a Green Evaluation from S&P Global Ratings making Los Pelambres the first mining company in the world to receive this evaluation from S&P.\n Further details of the financing can be found at www.aminerals.cl.\n \n \n\n\n\nInvestors - London \n\n\n\n\n\nMedia - London \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAndrew Lindsay \n\n\[email protected]\n\n\nCarole Cable\n\n\[email protected]\n\n\n\n\nTelephone\n\n\n+44 20 7808 0988\n\n\nTelephone\n\n\n+44 20 7404 5959\n\n\n\n\nAndres Vergara\n\n\[email protected] \n\n\nWill Medvei \n\n\[email protected]\n\n\n\n\nTelephone\n\n\n+44 20 7808 0988\n\n\nTelephone\n\n\n+44 20 7404 5959\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInvestors - Santiago \n\n\n\n\n\nMedia - Santiago \n\n\n\n\n\n\n\nRene Aguilar\n\n\[email protected] \n\n\nPablo Orozco\n\n\[email protected]\n\n\n\n\nTelephone \n\n\n+56 2 2798 7000\n\n\nCarolina Pica\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\nTelephone\n\n\n+56 2 2798 7000\n\n\n\n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Te...