Mayer Brown is a distinctively global law firm, uniquely positioned to advise the world’s leading companies and financial institutions on their most complex deals and disputes. We have deep experience in high-stakes litigation and complex transactions across industry sectors, including our signature strength, the global financial services industry.
Mayer, Brown, Rowe & Maw has advised Bayerische Hypo- und Vereinsbank AG (HVB) on its US $24.5 million loan to Northern Orion Resources Inc. The loan is to refinance debt previously incurred by Northern Orion Resources Inc. in connection with its acquisit
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Mayer, Brown, Rowe & Maw has advised Bayerische Hypo- und Vereinsbank AG (HVB) on its US $24.5 million loan to Northern Orion Resources Inc. The loan is to refinance debt previously incurred by Northern Orion Resources Inc. in connection with its acquisition of a 12.5.% equity stake in the Bajo de Alumbrera copper-gold mine in Argentina.
The debt facility demonstrates a return to activity in the mining finance markets, principally as a result of improving price and other fundamentals in the metals sector.
Ian Coles commented: "The deal is the first HVB-led instruction for Mayer Brown Rowe & Maw's mining team and adds to an exceptional start to the year with five new deals for the London based team. In 2004 we have already been instructed on two transactions in Russia and have been appointed to represent the lead arrangers in connection with the proposed financing of the Loulo gold project in Mali."
Ian Coles, Head of European Finance at Mayer, Brown, Rowe & Maw, based in London led the team, assisted by Morgan Carroll. Stikeman Elliott in Vancouver advised Northern Orion.
The Finance group in London comprises 10 partners and more than 20 other lawyers and handles a full range of banking and finance work (transactional and advisory) as well as securitisation and capital markets work. Moreover, with over 200 finance lawyers globally, the team provides all the support and expertise that clients require on complex cross border transactions.
Mayer, Brown, Rowe & Maw LLP has 13 offices worldwide, including representation in the world's major financial centres; London, Paris, Frankfurt and New York. The firm delivers multi-jurisdictional advice to the world's leading companies, financial institutions and multinational businesses.
For further information on Mayer, Brown, Rowe & Maw LLP, please visit
Mayer, Brown, Rowe & Maw LLP is a combination of two limited liability partnerships, each named Mayer, Brown, Rowe & Maw LLP, one incorporated in England and one established in Illinois, USA.
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Mayer Brown is a distinctively global law firm, uniquely positioned to advise the world’s leading companies and financial institutions on their most complex deals and disputes. We have deep experience in high-stakes litigation and complex transactions across industry sectors, including our signature strength, the global financial services industry.
