Announcement of Settlement of Tender Offer by Compañía de Minas Buenaventura S.A.A. for Any and All of its 2026 Notes
Buenaventura (NYSE: BVN) has successfully completed the settlement of its cash tender offer for its 5.500% Senior Notes due 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Buenaventura (NYSE: BVN) has successfully completed the settlement of its cash tender offer for its 5.500% Senior Notes due 2026. The tender offer, which expired on January 29, 2025, resulted in valid tenders of US$401,392,000 in aggregate principal amount of Notes, representing approximately 72.98% of outstanding Notes.
The company made payments to noteholders who validly tendered their Notes or delivered a Notice of Guaranteed Delivery, offering US$1,000 per US$1,000 principal amount, plus accrued and unpaid interest. The tender offer was managed by Banco BTG Pactual S.A. – Cayman Branch and J.P. Morgan Securities as dealer managers.
Positive
- High participation rate with 72.98% of outstanding Notes tendered
- Successful debt management initiative through tender offer completion
Negative
- None.
Details
News Market Reaction – BVN
The recorded move for BVN in the trading session of this news was +1.54%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Tender Offer expired on January 29, 2025 at 5:00 p.m.,
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
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 (
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
View original content:https://www.prnewswire.com/news-releases/announcement-of-settlement-of-tender-offer-by-compania-de-minas-buenaventura-saa-for-any-and-all-of-its-2026-notes-302368150.html
SOURCE Compañía de Minas Buenaventura S.A.A.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.