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Adam Brenneman, Gonzalo Guitart, Simone Arthur
February 23, 2026
Milbank Advises Codelco in $600M Credit Facility

1 min
AI-made summary
- • Milbank LLP advised Codelco, a Chilean state-owned copper mining company, on a $600 million credit facility
- • The credit facility is guaranteed by the Multilateral Investment Guarantee Agency (MIGA). • The transaction enables Codelco to receive a refund from MIGA for prepayments of the loan under the credit agreement. • Proceeds from the transaction will support Codelco’s goal to transition to a 100 percent renewable energy mix by 2030. • The Milbank deal team was led by partner Adam Brenneman, with special counsel Gonzalo Guitart and associate Simone Arthur.
Milbank LLP advised Corporación Nacional del Cobre de Chile (âCodelcoâ), a Chilean state-owned copper mining company, in connection with a $600 million credit facility guaranteed by the Multilateral Investment Guarantee Agency (âMIGAâ). This transaction allows Codelco to receive from MIGA a refund for prepayments of the loan under the credit agreement. The proceeds of the transaction will be used to support Codelcoâs mission to transition to a 100 percent renewable energy mix by 2030. The Milbank deal team was led by Corporate Finance and Securities partner Adam Brenneman with special counsel Gonzalo Guitart and associate Simone Arthur.
