Hochschild Loan Moves toward Close

Hochschild Loan Moves toward Close

Peru Loans

Peruvian miner Hochschild is in the process of syndicating a $340m bridge loan, according to people familiar with the process. Bank of America, BBVA and Goldman Sachs are leading the 1-year facility, with pricing based on a ratings grid at Libor+350bp out of the box. It is expected to close by the end of this month. Earlier this month, Hochschild launched an operation to acquire International Minerals, owner of 40% of the Pallancata mine and Inmaculada advanced project in Peru, for $298m, with f

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