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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item |
Peru's Minsur starts capped cash tender offer for 6¼% notes due 2024
Chicago, May 19 – Peru's Minsur SA launched a tender offer to purchase up to $300 million of its outstanding $450 million 6¼% senior notes due 2024 (Cusips: 60447KAA8, P6811TAA3), according to a press release.
The company is offering to purchase each $1,000 note for a total consideration of $1,085, an amount that includes a $50 early tender premium. Interest will also be paid to the settlement date.
The offer is conditioned upon the receipt of sufficient funds from a new debt financing.
Tender may also be subject to proration is the offer is oversubscribed.
The withdrawal deadline is 5 p.m. ET on June 2. The withdrawal deadline is also the early tender deadline.
The offer will expire at 8 a.m. ET on June 17.
The settlement date is June 21.
BofA Securities, Inc. (646 855-8988, 888 292-0070) and Santander Investment Securities Inc. are dealer managers (212 940-1442, 855 404-3636).
D.F. King & Co., Inc is the information and tender agent for the offer (800 714-3305, 212 269-5550, minsur@dfking.com).
Minsur is a mining company based in Lima.
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