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MAIN FACTS:
-Minera Esperanza is owned 70% by Antofagasta, and 30% by Marubeni Corporation.
-Financial closing and satisfaction of conditions to borrowing for this facility were achieved Tuesday, and first disbursement is expected to take place during July 2009.
-The $1,050 million project financing facility is being provided by a consortium of senior lenders for a term of 12 years.
-The balance of the Project's $2.3 billion total estimated capital cost (including working capital and financing costs), from the commencement of construction in the third quarter 2008, is being funded by the Sponsors pro-rata to their ownership interests.
-Rothschild Inc. acted as financial advisor to the Sponsors and Minera Esperanza, Sullivan & Cromwell LLP acted as project New York counsel, and Jara, del Favero as Chilean counsel.
-By London Bureau, Dow Jones Newswires; +44 (0)20 7842 9296; ian.walker@dowjones.com
(END) Dow Jones Newswires
06-30-09 0210ET
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