Hudbay Raises US$52M with 4.5% Bonds for Arizona Copper Project
HBM•Hudbay completed a US$52 million offering of 4.50% municipal bonds to finance its Copper World project in Pima County, Arizona, with an initial tender date of July 2, 2036. Hudbay and its subsidiaries guarantee payment obligations under the loan, enabling proceeds to cover eligible project expenditures and capitalized interest.
1. Bond Offering Details
Hudbay completed a US$52 million issuance of 4.50% Arizona Industrial Development Authority Solid Waste Disposal Revenue Bonds (Series 2026A) on June 24, 2026. The bonds carry an initial mandatory tender date of July 2, 2036.
2. Use of Proceeds
Proceeds will finance, reimburse and refinance eligible expenditures at Hudbay’s Copper World project in Pima County, Arizona, and cover any capitalized interest or related costs.
3. Guarantees and Financial Implications
Under the loan agreement, Hudbay and its subsidiaries guarantee all payment obligations of Copper World LLC on these bonds, adding to the company’s consolidated financial liabilities.
