#Peru #Lima #Tender Offer #Buenaventura #2026 Notes

Compañía de Minas Buenaventura’s Successful Tender Offer Completion

On February 4, 2025, Compañía de Minas Buenaventura S.A.A., widely known as Buenaventura, announced the completion of its cash tender offer for all outstanding 5.500% Senior Notes due in 2026. This move is part of the company's strategic financial management, reflecting commitment to optimizing its capital structure.

The tender offer was officially launched on January 23, 2025, and garnered considerable attention from investors. Notably, the offer settled on January 29, 2025. At the expiration time of the offer, Buenaventura received valid tenders amounting to $401,392,000, representing approximately 72.98% of the total outstanding notes. This high level of participation underscores the confidence that investors have in Buenaventura's financial stability and future prospects.

According to the company, holders of the notes who submitted valid tenders received $1,000 for each $1,000 in principal amount of Notes, plus accrued interest up to what is known as the Settlement Date. This favorable terms package is a strong incentive for note holders to participate in the tender offer.

The details of the offer were encapsulated in the Offer to Purchase documentation, which provided necessary guidance and insight regarding the tender process. Now, these documents, along with a notice for guaranteed delivery, serve to clarify any complexities that investors may encounter.

Enhancing Investor Relations

BuenaVentura's effective execution of the tender reflects the company's broader strategy to enhance its investor relations and manage its liabilities efficiently. By concluding this tender successfully, Buenaventura's management has not only demonstrated its capacity to meet financial obligations but also create opportunities for future growth and expansion.

"The successful outcome of the tender offer illustrates our commitment to maintaining a robust financial position, while providing a favorable opportunity for our investors," said a spokesperson from Buenaventura.

Future Outlook

Looking ahead, this strategic move positions Buenaventura well as it navigates the evolving landscape of the mining industry. With a solid financial footing, the company is expected to explore new opportunities for growth and development, including potential expansion projects and strategic partnerships.

As part of this tender process, Buenaventura engaged leading financial intermediaries Banco BTG Pactual S.A. – Cayman Branch and J.P. Morgan Securities LLC to serve as dealer managers. Their expertise facilitated a smooth transaction, ensuring that all regulatory requirements were met while maximizing shareholder value.

For stakeholders and potential investors, the success of this tender offer is a positive indicator of Buenaventura's operational efficiency and its ongoing commitment to shareholder returns. The company's proactive approach in managing its financial products will likely lead to ongoing investor confidence and engagement moving forward.

In summary, Buenaventura’s settlement of its cash tender offer for the 2026 Notes showcases not only the company’s financial acumen but also its ethical responsibility towards maintaining strong investor relations. Stakeholders can look forward to further developments as the company continues on its path of strategic growth and value creation.

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For further details, interested parties can access the Tender Agent and Information Agent's resources, including D.F. King & Co., Inc.

For any inquiries related to the tender offer, the company recommends reaching out to the designated dealer managers for clarity on conditions and future initiatives.