A&O Shearman advises Capstone Copper on its inaugural high yield notes offering

The notes are guaranteed by each of Capstone’s subsidiaries that guarantee its senior secured revolving credit facility and were offered pursuant to Rule 144A and Regulation S. Capstone intends to apply the proceeds from the sale of the notes to repay project financing debt at its Mantoverde S.A. subsidiary and to pay down debt on its senior secured revolving credit facility.

Capstone is an Americas-focused copper-mining company headquartered in Vancouver, Canada. It owns and operates the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and 70% of the Mantoverde copper-gold mine, located in the Atacama region, Chile. In addition, Capstone owns the fully permitted Santo Domingo copper-iron-gold project, located approximately 30 kilometers northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.

The A&O Shearman team representing Capstone was led by U.S. Capital Markets partners Jason Lehner and Ryan Robski and associates Nicole Bennewies, Tianwei Liu, and Nick Slagter, and included tax partner Larry Crouch, counsel Matthew Berens, and associates Daniel Kachmar, Austin Jones, Stephanie Li, and SY Ro.

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