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received and had not been validly withdrawn with respect to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).
Disclaimer
This press release is for informational purposes only and does
not constitute an offer to purchase or the solicitation of an offer
to sell any securities. The Tender Offer was made solely by means
of the Offer to Purchase. The Tender Offer was not made to holders
of Notes in any jurisdiction in which the making or acceptance
thereof would not be in compliance with the securities, blue sky or
other laws of such jurisdiction. In those jurisdictions where the
securities, blue sky or other laws require any tender offer to be
made by a licensed broker or dealer, the Tender Offer was deemed to
be made on behalf of Buenaventura by the Dealer Managers or one or
more registered brokers or dealers licensed under the laws of such
jurisdiction.
This press release may contain forward-looking statements within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act of
1934, as amended, including those related to the Tender Offer.
Forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results
in the future, and, accordingly, such results may differ from those
expressed in any forward-looking statements.
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SOURCE Compañía de Minas Buenaventura S.A.A.
