Buenaventura Launches Tender Offer for 2026 Notes

TL;DR

Buenaventura is buying back all its 2026 notes - debt management play.

AI Summary

Compañía de Minas Buenaventura S.A.A. announced a tender offer on January 23, 2025, for any and all of its outstanding 2026 Notes. The company is seeking to repurchase these notes as part of its ongoing debt management strategy.

Why It Matters

This tender offer indicates Buenaventura's proactive approach to managing its debt obligations, potentially impacting its capital structure and future financing costs.

Risk Assessment

Risk Level: low — The filing is a routine announcement regarding a tender offer for existing debt, with no immediate negative financial implications disclosed.

Key Players & Entities

• Compañía de Minas Buenaventura S.A.A. (company) — Filer and issuer of the notes
• 2026 Notes (debt_instrument) — Subject of the tender offer
• January 23, 2025 (date) — Date of the announcement

FAQ

Key Financial Figures

• $550,000,000 — ulation S: P6680P AA9 / USP6680PAA95 US$550,000,000 US$1,000 (1) The amount to be paid f
• $1,000 — P AA9 / USP6680PAA95 US$550,000,000 US$1,000 (1) The amount to be paid for each US

Filing Documents

• tm253315d2_6k.htm (6-K) — 24KB
• 0001104659-25-005481.txt ( ) — 25KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issue r Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of January, 2025 Commission File Number: 001-14370 COMPANIA DE MINAS BUENAVENTURA S.A.A. (Exact name of registrant as specified in its charter) BUENAVENTURA MINING COMPANY INC. (Translation of registrant’s name into English) AV. BEGONIAS NO. 415, 19TH FLOOR, SAN ISIDRO, LIMA, PERU (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes No Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes No Announcement of Tender Offer by Compañía de Minas Buenaventura S.A.A. for Any and All of its 2026 Notes Lima, January 23, 2025 – Compañía de Minas Buenaventura S.A.A. (“ Buenaventura ”) (NYSE: BVN) announced today that it has commenced a cash tender offer (the “ Tender Offer ”) for any and all of its outstanding 5.500% Senior Notes due 2026 (the “ Notes ”). The following table sets forth the material pricing terms of the Tender Offer: Title of Security CUSIP / ISIN Principal Amount Outstanding Purchase Price ( 1) 5.500% Senior Notes due 2026 144A: 20448 AA2 / US20448AA22 Regulation S: P6680P AA9 / USP6680PAA95 US$550,000,000 US$1,000 (1) The amount to be paid for each US$1,000 principal amount of Notes validly tendered and accepted for purchase. In addition, accrued interest up to, but excluding, the settlement date (“ Accrued Interest ”) will be paid. The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on January 29, 2025, unless extended or earlier terminated as described in this press release (such time and date, as may be extended or terminated earlier, the “Expiration Time”). Holders of Notes who (i) validly tender their Notes, at or prior to the Expiration Time, and not validly withdraw their Notes, at or prior to 5:00 p.m., New York City time, on January 29, 2025 (the “Withdrawal Deadline”), unless the Expiration Time is extended or earlier terminated, or (ii) (a) deliver a properly completed and duly executed notice of guaranteed delivery (as it may be amended or supplemented, the “Notice of Guaranteed Delivery”), at or prior to the Expiration Time and (b) validly tender their notes at or prior to 5:00 p.m. New York Time”) using the guaranteed delivery procedures described in the Offer to Purchase (as defined below), to be eligible to receive the purchase price set forth in the table above for each US$1,000 principal amount of Notes validly tendered and accepted for purchase, plus Accrued Interest. Validly tendered Notes may be validly withdrawn at any time at or prior to the Withdrawal Deadline, unless extended or earlier terminated as described below, but not thereafter. Buenaventura’s obligation to purchase Notes validly tendered pursuant to the Tender Offer is subject to the satisfaction of certain conditions set forth in the Offer to Purchase, dated January 23, 2025 (the “Offer to Purchase”), including but not limited to the completion of a new notes offering, which will be exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “New Notes Offering”), such that Buenaventura receives sufficient funds from such offering to meet its obligations in connection with the Tender Offer. No assurance can be given that the New Notes Offering will be priced or settled successfully. However, the Tender Offer is not contingent upon the tender of any minimum principal amount of Notes being tendered. Buenaventura expressly reserves the right, in its sole discretion and subject to applicable law, to (i) extend the Expiration Time to later dates and times, (ii) waive any or all conditions to the Tender Offer or (iii) terminate or otherwise amend the Tender Offer to the extent any or all conditions to the Tender Offer are not satisfied. If the Tender Offer is terminated, withdrawn, or otherwise not consummated at any time, Notes tendered will be promptly returned to the tendering holders without compensation or cost to such holders and will remain outstanding. Buenaventura and its affiliates reserve the absolute right, in their sole discretion, from time to time to redeem or purchase any Notes that remain outstanding after the Expiration Time through open market purchases, privately negotiated transactions, tender offers, exchange offers or otherwise, upon such terms and at such prices as they may determine, which may be more or less than

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View this 6-K filing on SEC EDGAR