Latham & Watkins Advises on US$180 Million Bridge Financing of CoreX’s Acquisition of BHP’s Brazilian Copper and Gold Operations

Latham & Watkins represented J.P. Morgan SE, as sole bookrunner and sole lead arranger, and JPMorgan Chase Bank, N.A. London Branch, as lender in connection with the US$180 million bridge loan financing of the acquisition by a subsidiary of Corex Holding B.V. of Avanco Resources Mineração Ltda., AVB Mineração Ltda., Mineração Águas Boas Ltda., SLM Santa Lúcia Mineração Ltda., and their subsidiaries from Avanco Resources Pty Ltd., a BHP company. The target companies operate a brownfield underground copper mine, a processing facility, and exploration-stage copper and gold projects, covering approximately 1,800 square kilometers in the Carajás region of Brazil.

Latham & Watkins LLP advised the banks in the transaction with a deal team led by Latin America partners Guido Liniado and Pedro Rufino Carvalho, with associate Giancarlo Reanda, and with assistance from international visiting associates Arthur Barbosa* and Fathia Zapata Lamir.**

*Admitted to practice in Brazil only.
**Admitted to practice in Colombia only.