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A&O Shearman counsels Volcan on USD750 million bond offering and tender offer

A&O Shearman counsels Volcan on USD750 million bond offering and tender offer
A&O Shearman advised Peruvian mining company Volcan Compañía Minera S.A.A. on its offering of USD750m 8.500% Senior Secured Notes due 2032, alongside a concurrent cash tender offer for any and all of its 8.750% Senior Secured Notes due 2030.

The transaction also included amendments to Volcan’s 8.750% Senior Secured Notes due 2030 and related collateral documents, as well as the full prepayment of a syndicated credit facility with 11 financial institutions.

Volcan is a Peruvian polymetallic mining company with operations and assets located in the central mountains of the Peruvian Andes, whose portfolio includes zinc, lead, silver, and other critical minerals essential to modern technology and sustainable development worldwide.

“This transaction enhances Volcan’s capital structure and positions it for continued operational resilience."

“This transaction enhances Volcan’s capital structure and positions it for continued operational resilience,” said Alejandro Gordano, A&O Shearman capital markets lead partner. “For complex, multi-jurisdictional mattersespecially those tied to critical mineralsour firm is proud to help deliver successful market outcomes.”

The A&O Shearman team was led by New York-based capital markets partner Alejandro A. Gordano and finance partner Denise Grant, with support from tax partner Lorenz Haselberger, project development and finance partners Carter Clements and Pedro de Elizalde, and associates Gabriela Laufer, Hunter Steitle, Daniel Kachmar, and Matias Calderon.

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