| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Minsur SA > 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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.