On May 6, 2025, Capstone Copper Corp. and Capstone Mining Corp., (together, “Capstone”), including a syndicate of lenders led by CIBC, established a US$1.2 billion senior secured revolving credit facility as part of a comprehensive balance sheet optimization initiative. The financing was implemented alongside the repayment of Capstone’s 70% attributable share of the project financing for the Mantoverde Development Project in Chile and the concurrent issuance of US$600 million in unsecured notes.
The successful closing of the facility provided Capstone with enhanced financial flexibility, improved liquidity, and a stronger balance sheet, positioning the company to advance its future growth projects and pursue strategic objectives across its international portfolio.
Fasken advised the syndicate of lenders led by CIBC with a team led by Thomas Meagher and which included Gurkirat Batth.
Jurisdictions
- Canada
- Chile
- Luxembourg
- Mexico
- United States
- United Kingdom
