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STRACON Group Holding Inc. Announces Closing of US$376 Million Non-Recourse Project Financing for Pérez Caldera Infrastructure Project
Financing comprises up to US$345 million in term loans and up to US$31 million in debt service re...
About this update from Stracon Group Holding Inc.
[{"type":"text","content":"STRACON Group Holding Inc. Announces Closing of US$376 Million Non-Recourse Project Financing for Pérez Caldera Infrastructure ProjectFinancing comprises up to US$345 million in term loans and up to US$31 million in debt service reserve letters of credit arranged by Natixis, SMBC and BCI to support the Company's Infrastructure segment project in ChileToronto, Ontario--(Newsfile Corp. - April 1, 2026) - STRACON Group Holding Inc. (TSX: STG) ( BVL: STG) (\"STRACON\" or the \"Company\") today announced the closing of up to US$376 million in non-recourse project financing for the Pérez Caldera infrastructure project in Chile. The financing was arranged by Natixis, Sumitomo Mitsui Banking Corporation (\"SMBC\") and Banco de Crédito e Inversiones (\"BCI\"), and will fund the development, construction, ownership, operation and maintenance of dedicated tailings infrastructure at Anglo American's Los Bronces copper operation in Chile.The financing comprises up to US$345 million in term loans and up to US$31 million in debt service reserve letters of credit. The term loans bear interest at compounded daily SOFR plus a margin of 3.00% per annum, with scheduled quarterly amortization commencing October 15, 2027 and final maturity on October 15, 2030. The financing is structured on a non-recourse basis to STRACON, with debt service supported by contracted, inflation-linked project cash flows under the Pérez Caldera build-own-operate-maintain (\"BOOM\") contract.Natixis and SMBC are acting as Joint Lead Arrangers, Joint Bookrunners and Joint Global Coordinators. BCI is acting as Senior Mandated Lead Arranger. SMBC is serving as Administrative Agent.The project's capital structure reflects a maximum debt-to-equity ratio of 82.75:17.25, consistent with the Company's stated approach to Infrastructure segment projects in which approximately 75-85% of project costs are financed through non-recourse project debt and STRACON contributes the balance as sponsor equity.Andrés Gutiérrez Leiva, Chief Financial Officer, commented: \"The closing of this financing is a defining milestone for STRACON. It validates our Infrastructure segment strategy and confirms our ability to structure, finance and deliver large-scale mining infrastructure under long-duration contractual frameworks. The quality of the lending group and the term...