In This Article:
LIMA, Peru, Feb. 4, 2025 /PRNewswire/ -- Compañía de Minas Buenaventura S.A.A. ("Buenaventura") (NYSE: BVN) announces today the settlement of the cash tender offer (the "Tender Offer") for any and all of its outstanding 5.500% Senior Notes due 2026 (the "Notes") (144A CUSIP / ISIN: 20448 AA2 / US20448AA22 and Regulation S CUSIP / ISIN: P6680P AA9 / USP6680PAA95), on the terms and subject to the conditions set forth in Buenaventura's Offer to Purchase dated January 23, 2025 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used in this press release but not otherwise defined have the meanings given to them in the Offer to Purchase.
The Tender Offer expired on January 29, 2025 at 5:00 p.m., New York City time (the "Expiration Time"). At the Expiration Time, valid tenders had been received and had not been validly withdrawn with respect to US$401,392,000 in aggregate principal amount of Notes, or approximately 72.98% of the Notes outstanding, which includes Notices of Guaranteed Delivery validly tendered by the Guaranteed Delivery Expiration Time pursuant to the Guaranteed Delivery Procedures.
Buenaventura today accepted and made payment to Holders of Notes who (i) validly tendered their Notes at or prior to the Expiration Time and did not validly withdraw their Notes at or prior to the Withdrawal Deadline or (ii) delivered a Notice of Guaranteed Delivery at or before the Expiration Time and validly tendered their Notes at or prior to the Guaranteed Delivery Expiration Time using the Guaranteed Delivery Procedures, for the amount of US$1,000 per US$1,000 principal amount of Notes, plus accrued and unpaid interest from the last interest payment date to, but excluding, the Settlement Date.
The complete terms and conditions of the Tender Offer are described in the Offer to Purchase and the Notice of Guaranteed Delivery, copies of which may be obtained from D.F. King & Co., Inc., the tender agent and information agent (the "Tender Agent and Information Agent") for the Tender Offer, at www.dfking.com/buenaventura, by telephone at +1 (800) 370-1749 (U.S. toll free) or +1 (212) 269-5550 (collect), or by email to buenaventura@dfking.com.
Buenaventura has engaged Banco BTG Pactual S.A. – Cayman Branch and J.P. Morgan Securities LLC to act as the dealer managers (the "Dealer Managers") in connection with the Tender Offer. Questions regarding the terms of the Tender Offer may be directed to Banco BTG Pactual S.A. – Cayman Branch, at +1 (212) 293-4600 (collect) and J.P. Morgan Securities LLC, at +1 (212) 834-7279 (collect) or +1 (866) 846-2874 (toll Free).