Global law firm White & Case LLP has advised Serra Verde Group in closing a US$565 million financing provided by the US International Development Finance Corporation.
Serra Verde is a large-scale producer of rare earth elements (REEs) and the only large-scale producer outside Asia of all four critical magnetic REEs.
The proceeds of the financing will be used to refinance existing loan facilities at more favorable terms, and to finance the expansion and optimization of Serra Verde’s mine located in the State of Goiás in central Brazil.
The White & Case team was led by Project Development and Finance partners Thomas Pate (New York) and Patrick Johnson and M&A partner Luisa Muskus (both in Houston), and included Project Development and Finance counsel Ana Arias (Miami) and Xuefeng Wu (London), and associates Caroline McDonald (Houston), Maria Eduarda Miranda (New York) and Paula Hernandez Garaycoa (Miami). Law clerk Melinda Calderon (New York) also assisted on the matter.
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