Peru's Minsur receives tenders for 58.57% of 6¼% notes due 2024

Chicago, July 2 – Minsur SA announced that noteholders tendered $263,577,000, or 58.57%, of the outstanding $450 million 6¼% senior notes due 2024 (Cusips: 60447KAA8, P6811TAA3) by the expiration time of its tender offer, 5 p.m. ET on July 1, according to a press release.

The company was offering to purchase up to $300 million of the notes.

Settlement is planned for July 6.

As of 2:30 p.m. ET on June 30, the company had received tenders for $263,727,000 aggregate principal amount of notes, or 59.05%, of the notes.

The withdrawal deadline had not been extended, the company made a point of saying.

As previously reported, noteholders who tendered after the early deadline will receive $1,035 for each $1,000 note, an amount that no longer includes a $50 early tender premium that was paid to early tendering noteholders. Interest will also be paid to the settlement date.

The offer is conditioned upon the receipt of sufficient funds from a new debt financing.

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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