Angamos Port, Mejillones Port Complex, II Region of Antofagasta, Chile

Financial Restructuring

Overview

We have more than three decades of experience structuring innovative financing packages for local and international clients. In the 1980s, we put together the first project financing for a mining project, involving local banks, in Chile—La Candelaria, Phelps Dodge. today Lundin Mining. In the 1990s, we structured the first BOT concession for a new port terminal in Chile—Complejo Portuario Mejillones, and we structured the first local bond for a multinational mining company in Chile—Escondida. In the 2000s, we designed the first simultaneous bond for a Chilean company in Chile and the US—ENAP and subsequently we have developed very sophisticated structured finance vehicles in Chile in the forestry (Fondo Bio Bio) and mining sectors (Joint Venture Minmetals-Codelco).

Based on our access to financing sources in all segments –including pension funds, banks, insurance companies, family offices, private bankers, private equity funds, and other asset managers—, and our deep understanding of each investor’s investment preferences, we are able to put together the best combination of financing sources for our clients´ needs. For each particular case, we creatively design the right solution with regard to the product type, financing amount, tenor, currency, contract terms and risk allocation.

Altonorte Smelter, Xstrata plc (Glencore), II Region of Antofagasta, Chile

Altonorte Smelter, Xstrata plc (Glencore), II Region of Antofagasta, Chile

Xstrata is the 4th largest copper producer in the world. With projects in Chile, Perú and Argentina, the company´s main investment in Chile is the Collahuasi copper mine. Asset has advised the company in several strategic initiatives in the region.