Simpson Thacher Represents Minsur in US$300 Million Financing and Tender Offer
07.15.21
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The Firm recently represented Minsur S.A. (“Minsur”) in connection with a US$300 million secured loan financing, to be provided by Bank of America and Banco Santander, and the concurrent cash tender offer by Minsur for its 6.25% Senior Notes due 2024 for an aggregate purchase price of up to US$300 million. The loan proceeds were used to finance the cash tender offer.
Minsur is a leading Peruvian mining company and the world’s third largest integrated producer of tin. Minsur is the principal mining arm of Grupo Breca, one of the largest economic conglomerates in Peru and which currently has significant investments in different business lines across four Latin American countries.
The Simpson Thacher team for the transaction included Juan Francisco Mendez, Antonio Ribichini and Francisco Ducci (Banking/Capital Markets); and Jonathan Cantor and Kris Liu (Tax).