UK: Mayer, Brown, Rowe & Maw LLP Advises on US $24.5 Million Debt Refinancing for Interest in Argentine Mine
Last Updated: 1 April 2004

Mayer, Brown, Rowe & Maw has advised Bayerische Hypo- und Vereinsbank AG (HVB) on its US $24.5 million loan to Northern Orion Resources Inc. The loan is to refinance debt previously incurred by Northern Orion Resources Inc. in connection with its acquisition of a 12.5.% equity stake in the Bajo de Alumbrera copper-gold mine in Argentina.

The debt facility demonstrates a return to activity in the mining finance markets, principally as a result of improving price and other fundamentals in the metals sector.

Ian Coles commented: "The deal is the first HVB-led instruction for Mayer Brown Rowe & Maw's mining team and adds to an exceptional start to the year with five new deals for the London based team. In 2004 we have already been instructed on two transactions in Russia and have been appointed to represent the lead arrangers in connection with the proposed financing of the Loulo gold project in Mali."

Ian Coles, Head of European Finance at Mayer, Brown, Rowe & Maw, based in London led the team, assisted by Morgan Carroll. Stikeman Elliott in Vancouver advised Northern Orion.

For further information, please contact:

Ian Coles
Head of European Finance
44 (0)20 7246 6205
icoles@mayerbrownrowe.com

Will Hulbert
PR Manager
+44 (0)20 7782 8804
whulbert@mayerbrownrowe.com

****************

About Mayer, Brown, Rowe & Maw LLP

  • The Finance group in London comprises 10 partners and more than 20 other lawyers and handles a full range of banking and finance work (transactional and advisory) as well as securitisation and capital markets work. Moreover, with over 200 finance lawyers globally, the team provides all the support and expertise that clients require on complex cross border transactions.
  • Mayer, Brown, Rowe & Maw LLP has 13 offices worldwide, including representation in the world's major financial centres; London, Paris, Frankfurt and New York. The firm delivers multi-jurisdictional advice to the world's leading companies, financial institutions and multinational businesses.
  • For further information on Mayer, Brown, Rowe & Maw LLP, please visit www.mayerbrownrowe.com/london . For further information on the firm's project finance practice please visit www.projfinlaw.com .
  • Mayer, Brown, Rowe & Maw LLP is a combination of two limited liability partnerships, each named Mayer, Brown, Rowe & Maw LLP, one incorporated in England and one established in Illinois, USA.

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

 
In association with
Press Releases from this Firm
Recent Content from this Firm
By Astrid Pieron, Paulette Vander Schueren
By Diletta De Cicco, Charles-Albert Helleputte, Lei Shen, Kendall Burman
By Astrid Pieron, Charles-Albert Helleputte
By Geneviève Michaux, Christoph J. Crützen
By Geneviève Michaux
By Diletta De Cicco, Charles-Albert Helleputte, Rebecca Eisner, Lei Shen, Kendall Burman
By Paulette Vander Schueren, Nikolay Mizulin, Edouard Gergondet, Dylan Geraets
By Oliver Yaros, Lei Shen, Lindsay T. Brown
By Paulette Vander Schueren, Nikolay Mizulin, Edouard Gergondet, Dylan Geraets
By Perry Yam, James West, James Hill
Tools
Print
Font Size:
Translation
Channels