Linklaters advises BTG Pactual, Citigroup and Santander on Volcan Compañía Minera’s $125m Cash Tender Offer and $475m Bond Issuance

Linklaters advised BTG Pactual S.A. – Cayman Branch, Citigroup Global Markets Inc. and Santander Investment Securities Inc., as joint bookrunners and dealer managers, in connection with an offering by Volcan Compañía Minera S.A.A. (“Volcan”) of $475 million of its 4.375% senior notes due 2026 and a concurrent offer 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.

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