A&O Shearman advised Peruvian mining company Volcan Compañía Minera S.A.A. and its subsidiaries in connection with a comprehensive refinancing plan to improve the company’s liquidity position and capital structure.
The transactions involved approximately USD765m in debt and included an exchange offer and consent solicitation of its USD365m 4.375% Senior Notes due 2026 for the newly issued 8.75% Senior Secured Notes due 2030, and the refinancing of Volcan’s USD400m senior term loan facility due in 2026 into a secured loan with an extended final maturity date in 2029.
Volcan is a Peruvian polymetallic mining company with operations and assets located in the central mountains of the Peruvian Andes.
The A&O Shearman team was led by…
