Davis Polk advised Freeport-McMoRan Inc., PT Freeport Indonesia, a subsidiary of FCX, and Freeport-McMoRan Oil & Gas LLC in connection with an amendment to its $3.5 billion revolving credit facility among FCX, PT Freeport Indonesia, Freeport-McMoRan Oil & Gas LLC, the other parties party thereto and JPMorgan Chase Bank, N.A. as administrative agent.
FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum and is one of the world’s largest publicly traded copper producers. FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in the Americas, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.
The Davis Polk finance team included partner Sartaj Gill and associates Yitz Segal, Phoebe Jin and Anu Akinbamidele. Associate Matthew R. Silver provided Investment Company Act of 1940 advice. All members of the Davis Polk team are based in the New York office.
Jones Walker LLP also advised FCX.