Minera Mexico Issues $1 Billion in Senior Notes Offering

September 20, 2019

New York – Paul Hastings LLP, a leading global law firm, represented Minera México, S.A. de C.V., one of the largest mining companies in Mexico and an indirect subsidiary of Southern Copper Corporation (“SCC”), one of the largest integrated copper producers in the world, in an international offering of Senior Notes. The more than four times over-subscribed offering involves the issuance of US$1 billion of 4.5% Senior Notes due 2050 pursuant to Rule 144A and Regulation S, which is expected to close on or about September 26, 2019. The joint book-running managers are BofA Merrill Lynch, Citigroup, HSBC, Santander and UBS Investment Bank. The issuer intends to use the net proceeds from the offering primarily to finance its growth capital expenditures program. The offering is Minera México’s first new bond since 1998.

Paul Hastings attorneys have also represented SCC, a company subject to the reporting requirements of the U.S. Securities Exchange Act of 1934, in other transactions.

Latin America practice partners Joy Gallup and Arturo Carrillo led the Paul Hastings team, which also included of counsels Veronica Rodriguez and Pedro Reyes and foreign associates Emilio Minon and Diego Plowells.

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