Mining Co. HudBay Puts Up $400M Debt Offering

Law360, New York (May 14, 2012, 4:19 PM EDT) -- Toronto-based HudBay Minerals Inc. will offer $400 million in debt to help bolster the development of two of its mining projects, the company announced Monday.

Proceeds from the senior unsecured notes, which would come due in 2020, will be used first to bolster its local operations in Manitoba, including its flagship 777 mine and its newer Lalor project in Snow Lake. The cash will also help back a proposed $1.5 billion copper project in Peru, dubbed the Constancia Project, if it gets officially greenlighted by the...
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