Shearman And Sterling

News December 29, 2021

Volcan’s $400 Million Senior Unsecured Credit Facility

Shearman & Sterling represented Volcan Compañía Minera S.A.A. (Volcan), a diversified Peruvian mining company, as borrower, and Compañía Minera Chungar S.A.C., Óxidos de Pasco S.A.C. and Empresa Administradora Cerro S.A.C., as guarantors, in connection with a $400 million four-year senior unsecured credit facility provided to Volcan by a syndicate of lenders led by Citigroup Global Markets Inc. and Banco Santander, S.A., as joint lead arrangers and joint bookrunners, which included Citibank N.A., Banco Santander, S.A., The Bank of Nova Scotia, Banco Internacional del Peru S.A.A., Banco Interamericano de Finanzas, Banco de Credito e Inversiones, S.A., Banco Latinoamericano de Comercio Exterior, S.A., Bancaribe Curacao Bank N.V, Banco de Crédito del Perú and Banco de Occidente Panamá, S.A., as lenders and Citibank N.A., as administrative agent.

The facility shall be used for the refinancing by Volcan of its outstanding 5.375 percent Senior Notes due 2022.

The Shearman & Sterling team below included visiting attorney Pedro de Elizalde (New York-Capital Markets).

The Team