REG - Antofagasta PLC - COMPLETION OF LOS PELAMBRES EXPANSION FINANCING

AntofagastaAnnouncement

04/04/2019 13:05

RNS Number : 1508V
Antofagasta PLC
04 April 2019
 


NEWS RELEASE, 4 APRIL 2019
 
 
COMPLETION OF LOS PELAMBRES EXPANSION FINANCING
100% OF PROJECT COST DEBT FINANCED
 
Today 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.
Ivan 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".
The 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.
 Further details of the financing can be found at www.aminerals.cl.
 
 



Investors - London






Media - London


























Andrew Lindsay 


alindsay@antofagasta.co.uk


Carole Cable


antofagasta@brunswickgroup.com




Telephone


+44 20 7808 0988


Telephone


+44 20 7404 5959




Andres Vergara


avergara@antofagasta.co.uk 


Will Medvei


antofagasta@brunswickgroup.com




Telephone


+44 20 7808 0988


Telephone


+44 20 7404 5959






















Investors - Santiago






Media - Santiago








Rene Aguilar


raguilar@aminerals.cl


Pablo Orozco


porozco@aminerals.cl




Telephone


+56 2 2798 7000


Carolina Pica


cpica@aminerals.cl












Telephone


+56 2 2798 7000



 
 




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