We advised the dealer managers in Volcan Compañía Minera’s strategic exchange offer for its outstanding “4.375% Senior Notes due 2026” (“2026 Notes”)|replacing them with newly issued “8.750% Senior Secured Notes due 2030” in the amount of USD 299,872,000. Additionally|the firm supported the solicitation of consents to amend the terms of the 2026 Notes.
This successful transaction secured investor approval for the exchange and amendment of 81.37% of the 2026 Notes|marking an important moment in Volcan’s proactive debt management and financial optimization.
Miranda & Amado’s deal team was led by partner Juan Luis Avendaño and included partner Alvaro del Valle|counsel Luzmila Zegarra and associates Gabriel Boucher|Jeong Min Kim|Maria Fernanda Lazo|Luis Miguel Sánchez|Frank García|César Ramírez|Daniel Corzo y Vianka Villena.