Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
31 March 2021
Deals | Warsaw | Banking & Finance
The lawyers from the Warsaw and London offices of Gide advised Sierra Gorda S.C.M., KGHM Polska Miedź S.A., Sumitomo Metal Mining CO., LTD and Sumitomo Corporation on a transaction involving financing in the amount of USD 700,000,000 (seven hundred million dollars) provided by Bank Gospodarstwa Krajowego.
On 29 March 2021, a revolving credit facility agreement up to USD 700,000,000 (seven hundred million dollars) was signed by Sierra Gorda S.C.M. with Bank Gospodarstwa Krajowego (advised by Deloitte Legal). The financing is secured by corporate guarantees issued by: KGHM Polska Miedź S.A., Sumitomo Metal Mining CO., LTD and Sumitomo Corporation.
Gide's team was led by partner Dariusz Tokarczuk, head of the M&A and Corporate Department who supervised, and associate Mateusz Gronau who co-ordinated the entire transaction. The team also included associates Marta Karmińska and Paulina Surma from the Banking & Finance Department at Gide Warsaw.
"We are pleased that once again we have been able to support clients in obtaining financing for the further development of such a prestigious project" - said Dariusz Tokarczuk, head of the M&A and Corporate Department at Gide Warsaw.
Sierra Gorda SCM is the largest launched mining operation in recent years in the Antofagasta region, producing copper and molybdenum concentrate. On a daily basis, 130,000 tonnes of ore are processed, producing 149,000 tonnes of copper on 2020.
KGHM Polska Miedz S.A. is one of the largest companies in Poland, a global producer of copper and silver, with more than 50 years of experience, and six working mines in Canada, Chile and the United States.
Sumitomo Metal Mining, founded in 1590, is currently the third largest producer of copper and the largest producer of nickel and gold in Japan. This company has 8,766 employees and has mining, smelting and refining operations all around the world, including as the United States, Canada, Australia, Chile, Peru and Brazil. It also has manufacturing operations for semiconductors and advanced materials, among other lines of business.
Sumitomo Corporation has been ranked in the Fortune Global 500 (an annual list complied and published by US Fortune magazine) for 25 years, as one of the global companies leading global development. Founded in 1919, it is one of the eight largest companies in Japan. It has a global network and participates in various activities that include the sale of a wide range of products and services domestically, imports and exports, trilateral trade and investment in local and international businesses.
