Peru Miner Drills for M&A Funds

Peru Miner Drills for M&A Funds

Loans

Peruvian miner Milpo is out with a $130m loan to help it pay for a 70% stake in Minera Atacocha. The 5-year final, 3-year average life facility pays Libor plus 425bp, and is being marketed to a limited group of banks that will form a club-like consortium to help get the deal printed by year-end, say people close to the process. The transaction is heard gaining traction with two commitments already and as many more expected by next week. Market participants away from the deal who are seeking a ne

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