McEwen Copper Appoints Societe Generale to Lead Senior Debt Financing for Los Azules
MUX•McEwen Copper appointed Societe Generale as sole financial advisor to structure and arrange senior debt for its Los Azules copper project in Argentina, coordinating export credit agency, commercial bank, multilateral and capital markets financing. The mandate covers due diligence preparation, information package development and negotiation support.
1. Appointment of Financial Advisor
McEwen Copper has retained Societe Generale as its sole financial advisor to advance project debt financing for the Los Azules copper project in San Juan Province, Argentina. The advisor will lead the structuring and arrangement of a senior debt package essential to fund the mine’s construction.
2. Structure of Senior Debt Package
Societe Generale’s mandate includes developing the financing strategy and coordinating technical, market, environmental, social, insurance, audit and tax due diligence with potential export credit agency, commercial bank, multilateral development and project bond or capital markets participants. It will also prepare the lenders’ information package and assist in negotiation to secure competitively priced debt.
3. ESG and Stakeholder Alignment
The financing strategy aligns with a collaboration agreement with the International Finance Corporation and compliance with the Equator Principles to meet environmental, social and governance standards. Bringing on Societe Generale marks a key step toward finalizing funding and advancing Los Azules toward construction.
