Stracon closes up to US$376 million non-recourse financing for Chile tailings project

Reuters04-01
Stracon closes up to US$376 million non-recourse financing for Chile tailings project
  • Stracon closed up to US$ 376 million in non-recourse project financing for Pérez Caldera tailings infrastructure project at Anglo American’s Los Bronces copper operation in Chile.
  • Financing includes up to US$ 345 million in term loans arranged by Natixis, SMBC, BCI.
  • Package also provides up to US$ 31 million in debt service reserve letters of credit.
  • Term loans price at compounded daily SOFR + 3% with final maturity set for Oct. 15, 2030.
  • Debt structured non-recourse to Stracon with maximum debt-to-equity ratio of 82.75:17.25.


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