Simpson Thacher Represents Hochschild Mining in High Yield Notes Offering
02.10.14
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Simpson Thacher recently represented Compañía Minera Ares S.A.C., a wholly-owned subsidiary of Hochschild Mining, in connection with its inaugural offering of US$350,000,000 7.750% Senior Notes due 2021. The notes are unconditionally guaranteed by Hochschild Mining plc and several other of Hochschild’s subsidiaries. The proceeds from the offering were used to repay borrowings incurred under a bridge facility that were used in connection with an acquisition. The transaction was consummated pursuant to Rule 144A and Regulation S.
Hochschild Mining is one of the world’s leading precious metals mining companies and the first Latin American company with equity listed on London Stock Exchange.
The Simpson Thacher team included Jaime Mercado, Alexander Coedo, Benjamin Alcaino and Ngisana Mngomezulu (Capital Markets); Jonathan Cantor and Devin Heckman (Tax).