Peru’s Minsur extends tender deadline for all 6¼% notes to Oct. 25

By Mary-Katherine Stinson

Lexington, Ky., Oct. 25 – Minsur SA has announced it will extend the tender deadline to 5 p.m. ET on Oct. 25 for its cash tender offer for any and all of its 6¼% senior notes due 2024 (Cusips: 60447KAA8, P6811TAA3), according to a company release.

As of 5 p.m. ET on Oct. 22, $46,274,000, or approximately 24.82% of the outstanding $186,423,000, had been validly tendered and not withdrawn, according to D.F. King & Co., Inc., the information and tender agent for the offer (800 714-3305, 212 269-5550, minsur@dfking.com).

Minsur is offering to pay $1,085 per $1,000 note with interest paid to the settlement date.

The offer is subject to a financing condition, namely an offering of new senior notes.

Tendering noteholders who wish to subscribe to the new offer should contact the dealer managers for a unique identifier code to submit with their tendered notes.

The company has said priority allocation may be given to tendering noteholders with a code.

The withdrawal deadline has also been extended to 5 p.m. ET on Oct. 25.

The guaranteed delivery date is 8 a.m. ET on Oct. 27.

Settlement is still planned for Oct. 29.

The dealer managers for the offer are BofA Securities, Inc. (646 855-8988, 888 292-0070) and Santander Investment Securities Inc. (212 940-1442, 855 404-3636).

Minsur is a mining company based in Lima.

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