We advised Volcan Compañía Minera S.A.A. on its international bond issuance in the amount of US$750 million, consisting of the “8.500% Senior Secured Notes due 2032. The notes were issued pursuant to Rule 144A and Regulation S under the U.S. Securities Act. The proceeds were used to finance a tender offer for Volcan’s outstanding “8.750% Senior Secured Notes due 2030” and the early repayment of a syndicated loan in an approximate amount of US$395 million. This successful refinancing transaction reinforces our longstanding relationship with Volcan and reflects our experience in complex cross-border capital markets transactions.
Our advice comprised comprehensive local counsel support across all aspects of the transaction, including the bond issuance, the tender offer, the prepayment of the syndicated loan, and the amendment of the security package.
The advisory services were led by partner José Cúneo and included Mario Lercari and María José Sardón.
