Hudbay Minerals Inc 6-K, filed Nov 18, 2024

Hudbay Minerals Inc. (HBM)

6-K 2024-11-18 For: 2024-11-13

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Added on April 08, 2026

About this 6-K

Hudbay Minerals Inc filed this 6-K on November 18, 2024.

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	HUDBAY MINERALS INC.
	(registrant)

	By:	/s/ by Eugene Lei
	Name:	by Eugene Lei
	Title:	Chief Financial Officer

Exhibit		Description

99.1		Amendment No. 5 to Fifth Amended and Restated Credit Facility (Canada)
99.2		Amendment No. 4 to Third Amended and Restated Credit Facility (Peru)

	TABLE OF CONTENTS

	ARTICLE 1 INTERPRETATION

1.1	Definitions	2
1.2	Construction	5655
1.3	Certain Rules of Interpretation	5655
1.4	Terms Generally	56
1.5	Knowledge	5756
1.6	Performance on Banking Days	5756
1.7	Accounting Terms & Calculations	5756
1.8	Change in Accounting Policies	57
1.9	Amendment and Restatement	57
1.10	Additional Lender	58

	ARTICLE 2 THE CREDIT

2.1	Amount and Availment Options	58
2.2	Reborrowing	5958
2.3	Use of the Credit	5958
2.4	Term and Repayment	59
2.5	Extension	59
2.6	Interest Rates and Fees	61
2.7	Other Fees	63
2.8	Exchange Rate Fluctuations	63
2.9	Credit Excess	6463
2.10	Pari Passu	64
2.11	Termination of SOFR Advances	64
2.12	Effect of Benchmark Transition Event (SOFR)	6564
2.13	Special Provisions Regarding CORRA Advances	6766

	ARTICLE 3 GUARANTEES, ETC.

3.1	Guarantees	7172
3.2	Obligations Secured by the Security Documents and Guaranteed by the Guarantees	72
3.3	Peruvian Notes	7374

	ARTICLE 4 SECURITY

4.1	Borrower's Security Documents	7475
4.2	Waiver of Perfection Requirement	7475
4.3	Guarantors' Security Documents	75
4.4	Additional Security Documents	7677
4.5	Exceptions	77

	ARTICLE 5 CLOSING CONDITIONS

5.1	Conditions Precedent to Closing and Future Advances	7778

5.2	Conditions Precedent to all Advances	81

	ARTICLE 6 ADVANCES

6.1	Lenders' Obligations Relating to L/Cs	8182
6.2	Evidence of Indebtedness	82
6.3	Calculation and Other Matters Regarding Interest and Fees	82
6.4	Conversions, Rollovers, Renewals, Repayments and Reductions	84
6.5	Notice of Advances and Payments	85
6.6	Size and Term of Advances	8586
6.7	Payment of CORRA Advances, SOFR Advances and L/Cs	86
6.8	Co-ordination Prime Rate, Base Rate, CORRA Advances and SOFR Advances	8687
6.9	Issuance and Use of L/Cs	8788
6.10	Reimbursement Obligation - L/Cs	8788
6.11	Failure of Lender to Fund	88
6.12	Payments by the Borrower	89
6.13	Payments by Agent	8990

	ARTICLE 7 REPRESENTATIONS AND WARRANTIES

7.1	Representations and Warranties	9091
7.2	Survival of Representations and Warranties	100101

	ARTICLE 8 COVENANTS

8.1	Financial Covenants	100101
8.2	Positive Covenants	101
8.3	Periodic Reports	111
8.4	HB (BVI) Accounts	116117
8.5	Ownership of the Obligors	117
8.6	Negative Covenants	117

	ARTICLE 9 DEFAULT

9.1	Default	123
9.2	Acceleration and Termination of Rights	126
9.3	Payment of L/Cs	127
9.4	Remedies	127
9.5	Saving	127
9.6	Perform Obligations	127128
9.7	Third Parties	128
9.8	Remedies Cumulative	128
9.9	Suspension of Lenders' Obligations	128
9.10	Set-Off or Compensation	128129
9.11	Application of Payments After an Event of Default	129

	ARTICLE 10 AGENCY PROVISIONS

10.1	Authorization of Agent	129130
10.2	Rights as a Lender	130
10.3	Exculpatory Provisions	130131
10.4	Reliance by Agent	131
10.5	Delegation of Duties	131132
10.6	Direct Payments	131132
10.7	Administration of the Credit	132133
10.8	Rights of Agent	135136
10.9	Acknowledgements, Representations and Covenants of Lenders	136
10.10	Collective Action of the Lenders	137
10.11	Successor Agent	137138
10.12	No Other Duties, Etc.	138
10.13	Defaulting Lenders	138139
10.14	Reference Lenders	138139
10.15	Erroneous Payments	139
10.16	Provisions Operative Between Lenders and Agent Only	142

	ARTICLE 11 ADDITIONAL LENDERS, SUCCESSORS AND ASSIGNS

11.1	Successors and Assigns	142
11.2	Assignments by Lenders	142143
11.3	Register	144145
11.4	Participations	144145
11.5	Certain Pledges	145

	ARTICLE 12 SUCCESSOR COMPANIES AND ADDITIONAL GUARANTORS

12.1	Certain Requirements in Respect of Merger, Etc	145146
12.2	Vesting of Powers in Successor	147148

	ARTICLE 13 MISCELLANEOUS PROVISIONS

13.1	Confirmation of Security	147148
13.2	Severability, Etc.	148
13.3	Amendment, Supplement or Waiver	148149
13.4	Governing Law	148149
13.5	Conflicts	149
13.6	Judgment Currency	149150
13.7	Liability of Lenders	149150
13.8	Expenses and Indemnity	149150
13.9	Taxes	151
13.10	Increased Costs, Etc.	152
13.11	Mitigation Obligations; Replacement of Lenders	153154
13.12	FATCA	154155

13.13	Anti-Money Laundering Legislation	154155
13.14	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	155156
13.15	Illegality	156
13.16	Notices	156157
13.17	Time of the Essence	157
13.18	Term of Agreement	157158
13.19	Counterparts and Facsimile	157158
13.20	Waiver of Jury Trial, Consequential Damages, Etc	157158
13.21	Treatment of Certain Information: Confidentiality	158159
13.22	Entire Agreement	159160

Schedule A	-	Lenders' Applicable Percentages
Schedule B	-	Form of Assignment and Assumption Agreement
Schedule C	-	Compliance Certificate
Schedule D	-	Peruvian Notes
Schedule E	-	Peruvian Note Completion Agreement
Schedule 2.14	-	Form of Accordion Agreement
Schedule 3.1(b)	-	Agreement of New Obligor
Schedule 6.5(a)	-	Notice of Advance, Payment, Rollover or Conversion
Schedule 7.1(m)	-	Organizational Chart
Schedule 7.1(n)	-	Restricted / Unrestricted Subsidiaries
Schedule 7.1(p)	-	Community Relations/Indigenous Matters
Schedule 7.1(t)	-	Owned and Leased Real Properties
Schedule 7.1(z)	-	Material Project Documents
Schedule 8.2(n)	-	Bank Accounts
Schedule 13.21(c)	-	Information That May Be Disclosed

Address for Notice

25 York Street		HUDBAY MINERALS INC.
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer	By: ____________________________
Telephone:	416.362.4759	Name:
and		Name:
Attention:	Vice President and General	Title:
	CounselSVP, Legal
and Organizational Effectiveness
Telephone:	416.362.2576	By: ____________________________
		By: ____________________________

S-2

Address for Notice

25 York Street		HUDBAY MARKETING & SALES INC.
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759	By: ____________________________
and		By: ____________________________
Attention:	Vice President and General	Name:
	CounselSVP, Legal and	Name:
Organizational Effectiveness		Title:
Telephone:	416.362.2576

S-3

Address for Notice

25 York Street		HUDBAY PERU INC.
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer	By: ____________________________
Telephone:	416.362.4759	By: ____________________________
and		Name:
Attention:	Vice President and General	Name:
	CounselSVP, Legal	Title:
and Organizational Effectiveness
Telephone:	416.362.2576

S-4

Address for Notice

25 York Street		HUDBAY PERU S.A.C.
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759	By: ____________________________
and		By: ____________________________
Attention:	Vice President and General	Name:
	CounselSVP, Legal	Name:
and Organizational Effectiveness		Title:
Telephone:	416.362.2576

S-5

Address for Notice

25 York Street		HUDBAY (BVI) INC.
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759	By: ____________________________
and		By: ____________________________
Attention:	Vice President and General	Name:
	CounselSVP, Legal	Name:
and Organizational Effectiveness		Title:
Telephone:	416.362.2576

S-6

Address for Notice

25 York Street		6502873 CANADA INC.
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759	By: ____________________________
and		By: ____________________________
Attention:	Vice President and General	Name:
	CounselSVP, Legal	Name:
and Organizational Effectiveness		Title:
Telephone:	416.362.2576

Address for Notice

25 York Street		HUDBAY ARIZONA (BARBADOS) SRL
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759	By: ____________________________
and		By: ____________________________
Attention:	Vice President and General	Name:
	CounselSVP, Legal	Name:
and Organizational Effectiveness		Title:
Telephone:	416.362.2576

S-8

Address for Notice

25 York Street		HUDBAY ARIZONA (US) CORPORATION
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759	By: ____________________________
and		By: ____________________________
Attention:	Vice President and General	Name:
	CounselSVP, Legal and	Name:
Organizational Effectiveness		Title:
Telephone:	416.362.2576

S-16

Address for Notice

Canadian Imperial Bank of Commerce	CANADIAN IMPERIAL BANK OF
Global Mining	COMMERCE, as Lender
161 Bay Street, 8^thFloor
Toronto, Ontario
M5J 2S8	By: ____________________________
	By: ____________________________
Attention: *[REDACTED - PERSONAL*	Name:
*INFORMATION]*	Title:
Telephone: *[REDACTED - PERSONAL*
*INFORMATION]*
Email: *[REDACTED - PERSONAL*	By: ____________________________
*INFORMATION]*	By: ____________________________
	Name:
	Title:

Address for Notice

Royal Bank of Canada 4^thFloor, South Tower Royal Bank Plaza 200 Bay Street Toronto, Ontario M5J 2W7	ROYAL BANK OF CANADA
	By: ____________________________
	Name:
Attention: *[REDACTED - PERSONAL INFORMATION]*	Title:

Telephone: *[REDACTED - PERSONAL INFORMATION]*
	By: ____________________________
	Name:
	Title:

Address for Notice

Barclays Bank PLC	BARCLAYS BANK PLC
745 Seventh Avenue, 8th Floor
New York, NY 10019
	By: ____________________________
	By: ____________________________
Attention: *[REDACTED - PERSONAL*	Name:
*INFORMATION]*	Title:
*Email: [REDACTED - PERSONAL*
*INFORMATION]*
Telephone: *[REDACTED - PERSONAL*
*INFORMATION]*	By: ____________________________
	Name:
	Title:

Canadian Imperial Bank of Commerce	*[REDACTED - COMMERCIALLY SENSITIVE* *INFORMATION]*

The Bank of Nova Scotia	*[REDACTED - COMMERCIALLY SENSITIVE* *INFORMATION]*

ING Capital LLC	*[REDACTED - COMMERCIALLY SENSITIVE* *INFORMATION]*

National Bank of Canada	*[REDACTED - COMMERCIALLY SENSITIVE* *INFORMATION]*

Bank of Montreal	*[REDACTED - COMMERCIALLY SENSITIVE* *INFORMATION]*

Royal Bank of Canada	*[REDACTED - COMMERCIALLY SENSITIVE* *INFORMATION]*

The Toronto-Dominion Bank	*[REDACTED - COMMERCIALLY SENSITIVE* *INFORMATION]*

Barclays Bank PLC	*[REDACTED - COMMERCIALLY SENSITIVE* *INFORMATION]*

S-9

Address for Notice

25 York Street		HUDBAY ARIZONA (US) HOLDING
Toronto, Ontario		CORPORATION
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759
and		By: ____________________________
Attention:	Vice President and General	By: ____________________________
	CounselSVP, Legal and	Name:
Organizational Effectiveness		Name:
Telephone:	416.362.2576	Title:

S-10

Address for Notice

25 York Street		COBRE VERDE DEVELOPMENT
Toronto, Ontario		CORPORATION
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759
and		By: ____________________________
Attention:	Vice President and General	By: ____________________________
	CounselSVP, Legal	Name:
and Organizational Effectiveness		Name:
Telephone:	416.362.2576	Title:

S-11

Address for Notice

25 York Street		COPPER WORLD, INC.
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759	By: ____________________________
and		By: ____________________________
Attention:	Vice President and General	Name:
	CounselSVP, Legal	Name:
and Organizational Effectiveness		Title:
Telephone:	416.362.2576

S-12

Address for Notice

25 York Street		MASON RESOURCES (US) INC.
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759	By: ____________________________
and		By: ____________________________
Attention:	Vice President and General	Name:
	CounselSVP, Legal and	Name:
Organizational Effectiveness		Title:
Telephone:	416.362.2576

S-13

Address for Notice

25 York Street		11215850 CANADA LIMITED
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759	By: ____________________________
and
Attention:	Vice President and General	Name:
	CounselSVP, Legal and
Organizational Effectiveness		Title:
Telephone:	416.362.2576

S-14

Address for Notice

25 York Street		SONORAN PROPERTY INVESTORS LLC
Toronto, Ontario
M5J 2V5
Attention:	Chief Financial Officer
Telephone:	416.362.4759	By: ____________________________
and
Attention:	Vice President and General	Name:
	CounselSVP, Legal and
Organizational Effectiveness		Title:
Telephone:	416.362.2576

S-18

Address for Notice

1325 Avenue of the Americas, 11^thFloor	ING CAPITAL LLC
New York, New York
10019

Attention: *[REDACTED - PERSONAL*	By: ____________________________
*INFORMATION]*	Name:
Telephone: *[REDACTED - PERSONAL*	Title:
*INFORMATION]*
	By: ____________________________
	Name:
	Title:

S-19

Address for Notice

Bank of Montreal	BANK OF MONTREAL
100 King St. West
4^thFloor
Toronto, Ontario	By: ____________________________
M5X 1H3	By: ____________________________
	Name:
Attention: *[REDACTED - PERSONAL INFORMATION]*	Title:

Telephone: *[REDACTED - PERSONAL INFORMATION]*


	By: ____________________________
	Name:
	Title:

S-21

Address for Notice

The Toronto-Dominion Bank		THE TORONTO-DOMINION BANK
TD Tower, 9^thFloor
66 Wellington Street
Toronto, Ontario		By: ____________________________
M5K 1A2
.		Name:
Attention: *[REDACTED - PERSONAL*		Title:
*INFORMATION]*
Telephone: *[REDACTED - PERSONAL*
*INFORMATION]*		By: ____________________________
		Name:
		Title:

S-22

Address for Notice

National Bank of Canada	NATIONAL BANK OF CANADA
130 King Street West, 32nd Floor
Toronto, Ontario
M5X 1J9	By: ____________________________
	By: ____________________________
Attention: *[REDACTED - PERSONAL*	Name:
*INFORMATION]*	Title:
Telephone: *[REDACTED - PERSONAL*
*INFORMATION]*
	By: ____________________________
	Name:
	Title:

Aggregate Amount of Commitments / Advances for all Lenders	Amount of Commitment / Advances Assigned¹¹	Percentage Assigned of Commitment / Advances²²
$	$	%
$	$	%
$	$	%

TO:	THE LENDERS (as defined in the Credit Agreement referred to below)

AND TO:	CANADIAN IMPERIAL BANK OF COMMERCE, as Agent Canadian Imperial Bank of Commerce Infrastructure/Technology, Infrastructure and Innovation 595 Bay Street, CPS-5th Floor Toronto, Ontario M5G 2C2

	Attention:	Global Agent Administration Services
	Telephone:	*[REDACTED - PERSONAL INFORMATION]*
	Email:	*[REDACTED - PERSONAL*
		*INFORMATION]*

	With a copy to: Canadian Imperial Bank of Commerce 161 Bay Street, 8th Floor Toronto, Ontario M5J 2S8 *Attention: [REDACTED - PERSONAL INFORMATION]* *Email: [REDACTED - PERSONAL* *INFORMATION]*

	CANADIAN IMPERIAL BANK OF COMMERCE, as Agent

	by
		Name:
		Title:

	[■], as Accordion Lender

	by
		Name:
		Title:

	[■], as Issuing Bank⁵

	by
		Name:
		Title:

	HUDBAY MINERALS INC.

	by
		Name:
		Title:

	[■]⁶

	by
		Name:
		Title:

BORROWER:		Hudbay Minerals Inc.
CITY AND PROVINCE:		Toronto, Ontario
CLOSING DATE:		October 26, 2021
TOTAL DEAL SIZE (CDN$):		$300,000,000.00
TRANCHE(S)
FACILITY DESCRIPTION:		SIZE	TENOR



2. 26.

PURPOSE:
LENDER GROUP:	LEAGUE TABLE	ROLES:
	CREDIT:

ARTICLE 1 INTERPRETATION		2

1.1	Definitions	2
1.2	Construction	5150
1.3	Certain Rules of Interpretation	51
1.4	Terms Generally	51
1.5	Knowledge	5251
1.6	Performance on Banking Days	5251
1.7	Accounting Terms & Calculations	52
1.8	Change in Accounting Policies	52
1.9	Amendment and Restatement	5352
1.10	Additional Lender	53

ARTICLE 2 THE CREDIT		5453

2.1	Amount and Availment Options	5453
2.2	Reborrowing	54
2.3	Use of the Credit	54
2.4	Term and Repayment	54
2.5	Extension	5554
2.6	Interest Rates and Fees	56
2.7	Other Fees	58
2.8	Credit Excess	58
2.9	Pari Passu	5958
2.10	Termination of SOFR Advances	5958
2.11	Effect of Benchmark Transition Event	59

ARTICLE 3 GUARANTEES, ETC.		61

3.1	Guarantees	61
3.2	Obligations Secured by the Security Documents and Guaranteed by the Guarantees	62
3.3	Peruvian Notes	63

ARTICLE 4 SECURITY		64

4.1	Borrower's Security Documents	64
4.2	Guarantors' Security Documents	6564
4.3	Additional Security Documents	66
4.4	Exceptions	6766

ARTICLE 5 CLOSING CONDITIONS		67

5.1	Conditions Precedent to Closing and Future Advances	67
5.2	Conditions Precedent to all Advances	7170

ARTICLE 6 ADVANCES		71

6.1	Lenders' Obligations Relating to L/Cs	71
6.2	Evidence of Indebtedness	7271

10.10	Collective Action of the Lenders	128127
10.11	Successor Agent	128
10.12	No Other Duties, Etc.	129128
10.13	Defaulting Lenders	129
10.14	Reference Lenders	129
10.15	Erroneous Payments	130129
10.16	Provisions Operative Between Lenders and Agent Only	132

ARTICLE 11 ADDITIONAL LENDERS, SUCCESSORS AND ASSIGNS		133132

11.1	Successors and Assigns	133132
11.2	Assignments by Lenders	133
11.3	Register	135
11.4	Participations	135136
11.5	Certain Pledges	136

ARTICLE 12 SUCCESSOR COMPANIES AND ADDITIONAL GUARANTORS		136

12.1	Certain Requirements in Respect of Merger, Etc	136
12.2	Vesting of Powers in Successor	138

ARTICLE 13 MISCELLANEOUS PROVISIONS		138139

13.1	Confirmation of Security	138139
13.2	Severability, Etc.	139
13.3	Amendment, Supplement or Waiver	139
13.4	Governing Law	139140
13.5	Conflicts	140
13.6	Judgment Currency	140
13.7	Liability of Lenders	140141
13.8	Expenses and Indemnity	140141
13.9	Taxes	141142
13.10	Increased Costs, Etc.	143
13.11	Mitigation Obligations; Replacement of Lenders	144
13.12	FATCA	145
13.13	Anti-Money Laundering Legislation	145146
13.14	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	146147
13.15	Illegality	147
13.16	Notices	147
13.17	Time of the Essence	148
13.18	Term of Agreement	148
13.19	Counterparts and Facsimile	148
13.20	Waiver of Jury Trial, Consequential Damages, Etc	148149
13.21	Treatment of Certain Information: Confidentiality	149150
13.22	Entire Agreement	150

					SOFR
			L/C Fee		Margin and
		L/C Fee	(Performance	Base Rate	Other
Level	Total Net Debt to EBITDA Ratio	(Financial L/C)	L/C)	Advances	Advances	Standby Fee
*[REDACTED - COMMERCIALLY SENSITIVE INFORMATION]*

Address for Notice

Canadian Imperial Bank of Commerce	CANADIAN IMPERIAL BANK OF COMMERCE, as Lender
Global Mining
161 Bay Street, 8th Floor Toronto, Ontario M5J 2S8

*Attention: [REDACTED - PERSONAL* *INFORMATION]*
*Telephone: [REDACTED - PERSONAL* *INFORMATION]*	By: ____________________________
*Email: [REDACTED - PERSONAL* *INFORMATION]*	By: ____________________________
	Name:
	Title:


	By: ____________________________
	Name:
	Title:

Address for Notice

The Bank of Nova Scotia	THE BANK OF NOVA SCOTIA, as Lender
40 Temperance Street, 6th Floor
Toronto, Ontario M5H 0B4

*Attention: [REDACTED - PERSONAL* *INFORMATION]*	By: ____________________________
*Telephone: [REDACTED - PERSONAL* *INFORMATION]*	Name:
*Email: [REDACTED - PERSONAL* *INFORMATION]*	Title:


	By: ____________________________
	Name:
	Title: