Compañía de Minas Buenaventura Concludes Tender Offer for 2026 Notes

Author: Logan Wright Updated: 01-29-2025 07:24 PM

Summary of the Tender Offer Expiration

Compañía de Minas Buenaventura S.A.A. (NYSE: BVN) has officially announced the expiration of its cash tender offer regarding the outstanding 5.500% Senior Notes due 2026. The Tender Offer was designed for holders of these Notes and was detailed in Buenaventura's Offer to Purchase document.

Details of the Tender Offer

The expiration for the Tender Offer was at 5:00 p.m. New York City time. As of the expiration time, Buenaventura reported having received valid tenders for approximately US$400,601,000 of the Notes, which constitutes about 72.84% of the total outstanding amount. This indicates a strong response from investors participating in the offer.

Guaranteed Delivery Procedures

Moreover, Notices of Guaranteed Delivery were submitted for another US$850,000 of Notes. This allows additional holders who may want to participate in the Tender Offer to tender their securities, ensuring they follow the Guaranteed Delivery Procedures to complete their transactions by the specified deadlines.

Payment Structure and Settlement

Upon fulfilling certain conditions, Buenaventura anticipates finalizing the payments for these Notes on the designated Settlement Date. Holders who participated within the timelines set for this Tender Offer will receive US$1,000 for each US$1,000 principal amount of Notes, plus any accrued interest since the last payment date.

Final Results Announcement

A press release with the confirmed results of the Tender Offer will be disseminated after the Settlement Date. This is a crucial moment for Buenaventura as it solidifies its financial strategies moving forward.

Information for Holders

Investors seeking more information regarding the Tender Offer can reach out to the designated Tender Agent and Information Agent. They are available by telephone or through official channels to provide detailed assistance.

Role of Dealer Managers

Buenaventura has engaged Banco BTG Pactual S.A. and J.P. Morgan Securities LLC to assist as dealer managers in this process. They serve as valuable resources for addressing enquiries about the Tender Offer, thereby facilitating smoother transactions for all parties involved.

Frequently Asked Questions

What was the purpose of the Tender Offer by Buenaventura?

The Tender Offer allowed holders of the 5.500% Senior Notes due 2026 to sell their securities back to Buenaventura under specified terms.

How much of the Notes were tendered successfully?

Approximately US$400,601,000 of the Notes were validly tendered, which represents about 72.84% of the total outstanding Notes.

What is the payment amount per Note?

Eligible holders will receive US$1,000 for each US$1,000 principal amount of Notes, along with accrued interest up to the Settlement Date.

Who can investors contact for information regarding the Tender Offer?

Investors may contact D.F. King & Co., Inc. for assistance regarding the Tender Offer terms and processes.

What role do dealer managers play in the Tender Offer?

The dealer managers provide guidance and support for holders during the Tender Offer process, ensuring efficient and effective communication.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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