Natixis Corporate & Investment Banking acts as Mandated Lead Arranger of the $750 million Commercial and ECA-covered tranches in the $2.5 billion financing for the expansion of Minera Centinela's copper mining operations, sponsored by Antofagasta plc and Marubeni Corporation
NEW YORK, April 11, 2024 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) acted as one of five Mandated Lead Arrangers of the $750 million Commercial and ECA-covered tranches in the landmark $2.5 billion senior secured debt financing package for the expansion of Minera Centinela's mining operations in Antofagasta, northern Chile. Minera Centinela is a joint venture between Antofagasta plc and Marubeni Corporation. Upon completion, this expansion will increase Minera Centinela's total copper production by approximately 140,000 tons per year and move it to the first quartile of the industry cost curve. The project will use 100% renewable energy and raw seawater instead of fresh water for processing.
"Natixis CIB has a proven track record of mining finance in Latin America. This transaction further reinforces our leadership in this critical industry and commitment to the global energy transition, where copper plays a central role." said Adam Hendley, Global Head of Metals & Mining at Natixis CIB. "We congratulate Antofagasta and Marubeni on this successful closing and thank these longstanding clients for their continued trust in Natixis CIB."
About Natixis Corporate & Investment Banking
Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.
Our teams of experts in about 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. Natixis CIB is committed to aligning its financing portfolio with a carbon neutrality path by 2050 while helping its clients reduce the environmental impact of their business.
As part of the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d'Epargne retail networks, Natixis CIB benefits from the Group's financial strength and solid financial ratings (Standard & Poor's: A, Moody's: A1, Fitch: A+, R&I: A+).
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SOURCE Natixis
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