Volcan Compañía Minera S.A.A.’s Notes Offer And Cash Tender Offer

Shearman & Sterling and Payet, Rey, Cauvi, Pérez Abogados advised Volcan Compañía Minera S.A.A.. Linklaters and Estudio Echecopar (Baker McKenzie) advised BTG Pactual S.A. – Cayman Branch, Citigroup Global Markets Inc. and Santander Investment Securities Inc. Shearman & Sterling represented Volcan on the deal.

Volcan Compañía Minera S.A.A. (“Volcan”) offered $475 million of its 4.375% senior notes due 2026 and concurrently offered to purchase for cash up to $125 million of its 5.375% senior notes due 2022.

Volcan intends to use the net proceeds from the offering to fund the concurrent cash tender offer and to repay other existing indebtedness, and any remaining balance for general corporate purposes.

Volcan is a diversified Peruvian mining company controlled by Glencore PLC.

Shearman & Sterling advised Volcan with Grissel Mercado, Laurence (Larry) Crouch, Antonia E. Stolper, Anna Shepard, Eric Grosshandler, Daniel Kachmar and Pedro de Elizalde.

Payet, Rey, Cauvi, Pérez advised Volcan Compañía Minera S.A.A. with José Cúneo.

The Linklaters deal team was led by partner Conrado Tenaglia (Picture) and counsel Alejandro Gordano alongside counsel Matthew Brigham (Tax), associate Emma Cano and foreign attorney Juan Mata.

Shearman & Sterling advised Volcan with Antonia E. Stolper, Grissel Mercado, Anna Shepard, Larry Crouch, Eric Grosshandler, and Daniel Kachmar.

Involved fees earner: Oscar Ballón – Baker McKenzie; Pablo Berkcholtz – Baker McKenzie; Ina Maria Drago – Baker McKenzie; Alonso Miranda Vargas – Baker McKenzie; Renzo Luna Urquizo – Baker McKenzie; Matthew Brigham – Linklaters; Emma Cano – Linklaters; Alejandro Gordano – Linklaters; Juan Mata – Linklaters; Conrado Tenaglia – Linklaters; José Cúneo Galdós – Payet, Rey, Cauvi, Pérez, Mur; Larry Crouch – Shearman & Sterling; Eric Grosshandler – Shearman & Sterling; Daniel Kachmar – Shearman & Sterling; Grissel Mercado – Shearman & Sterling; Anna Shepard – Shearman & Sterling; Antonia Stolper – Shearman & Sterling;

Law Firms: Baker McKenzie; Linklaters; Payet, Rey, Cauvi, Pérez, Mur; Shearman & Sterling;

Clients: BTG Pactual(Cayman branch); Citigroup Global Markets Ltd; Santander Investment Securities Inc.; Volcan Compañía Minera;