White & Case advises Molymet on MXN 2.5 billion issuance of long-term debt certificates

Global law firm White & Case LLP has advised Molibdenos y Metales, S.A. (Molymet), a global leader in the processing and commercialization of molybdenum and rhenium, on the seventh and eighth issuances of long-term debt certificates totaling MXN 2.5 billion (approximately US$137 million) under its MXN 12 billion (approximately US$660 million) revolving program in the Mexican market.

The seventh issuance (MOLYMET 25-2) totaled MXN 1.5 billion (approximately US$82 million) and was placed at a floating rate of TIIE Fondeo + 1.12%, with maturity in 2028, and the eighth issuance (MOLYMET 25-3) totaled MXN 1.0 billion (approximately US$54 million).

Headquartered in Chile, Molymet represents approximately 35 percent of global molybdenum processing capacity and close to 70 percent of global rhenium processing capacity, serving strategic industries worldwide including the steel, energy, aerospace and chemical sectors.

These transactions strengthen Molymet's access to the Mexican debt capital markets and support the company's long-term financial strategy, reflecting continued investor confidence in its robust operating model and long-term strategic vision.

"The successful completion of this latest offering marks another milestone in Molymet's longstanding presence in the Mexican market, a journey in which our firm has been proud to serve as its trusted counsel since its debut here," said White & Case partner Juan Antonio Martín.

The White & Case Capital Markets team was led by partner Juan Antonio Martín, and included partner Rebeca García López and associates Viridiana Alanis Carrera and Regina Bohon Robles (all in Mexico City).

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