May 13, 2022

Milbank Advises the Initial Purchasers on the $500M Bond Offering by Antofagasta


Milbank LLP advised the initial purchasers, including Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as Global Coordinators and Joint Book-Running Managers, and BofA Securities, Inc., Scotia Capital (USA) Inc., and SMBC Nikko Securities America, Inc., as Joint Book-Running Managers, in connection with the offering by Antofagasta plc of $500 million aggregate principal amount of 5.625% Senior Notes due 2032. Antofagasta is a Chile-based copper mining group.

The Milbank deal team was led by Marcelo Mottesi, Chair of Milbank’s Global Capital Markets practice and co-head of the firm’s Latin America Group, along with associates Gonzalo Guitart, Marcela Barba and international associate Santiago Freyre. The team also included Global Project, Energy and Infrastructure Finance partner Alec Borisoff, Tax partner Andrew Walker and special counsel Craig Cohen with associate Anne-Sophie Tomé.

Mr. Mottesi said, “We are pleased to have worked on this important bond offering by Antofagasta, continuing our long-standing relationship with the company.”