Stracon Secures $376 Million Financing for Chilean Copper Project

Stracon Group Holding has secured $376 million in non-recourse financing to develop dedicated tailings infrastructure at Anglo American's Los Bronces copper operation in Chile. The financing package includes $345 million in term loans and $31 million in debt service reserve letters of credit, with an interest rate linked to compounded daily Sofr plus a 3% margin, maturing on October 15, 2030.

This project features a debt-to-equity ratio of 82.75:17.25, aligning with Stracon's strategy of financing 75-85% of costs through non-recourse debt. The deal supports a long-term operations and maintenance contract awarded by Anglo American in December 2025, enhancing revenue and cash flow visibility for Stracon. Risks may arise from reliance on long-term contracts and the performance of the underlying project.