ニュース June 22, 2022

Volcan Compañía Minera’s Upsized $110 Million Cash Tender Offer and Concurrent Consent Solicitation

Shearman & Sterling represented Volcan Compañía Minera (Volcan), a diversified Peruvian mining company, in connection with an offer to purchase for cash made by Volcan for up to $110 million of its 4.375% Senior Notes due 2026 and concurrent consent solicitation. Citigroup Global Markets, and Santander Investment Securities acted as dealer managers and solicitation agents for the cash tender offer and the consent solicitation.

The purpose of the cash tender offer was to acquire the Notes for liability management purposes. Notes purchased in the tender offer have been retired and cancelled. The purpose of the Solicitation was to conform certain covenants in the Indenture to Volcan’s other indebtedness instruments.

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

The Team