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Jefferies and BCP Securities restructure debt of Cobre del Mayo

February 2016

Client(s) Jefferies LLC and BCP Securities, LLC

Jones Day advised Jefferies LLC and BCP Securities, LLC, as exchange and solicitation agents, in the restructuring of the debt of Cobre del Mayo, S.A. de C.V., a Mexican copper mining company. The transaction was structured as an offer to exchange the company's $217.2 million aggregate principal amount of 10.75% Senior Notes due 2018 for (i) $119.5 million aggregate principal amount of Senior Secured PIK Toggle Notes due 2021, and (ii) $97.8 million aggregate principal amount of Junior Non-Interest Bearing 2045 Notes. The exchange offer was made pursuant to a private placement in the United States and under Regulation S outside the United States.

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