Buenaventura Mining Announces Notes Offering Approval
Ticker: BVN · Form: 6-K · Filed: Jan 31, 2025 · CIK: 1013131
| Field | Detail |
|---|---|
| Company | Buenaventura Mining CO INC (BVN) |
| Form Type | 6-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $650,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, shareholder-approval, foreign-issuer
TL;DR
Buenaventura got shareholder approval for a notes offering. Debt financing incoming.
AI Summary
Compañía de Minas Buenaventura S.A.A. filed a Form 6-K on January 31, 2025, reporting on events for the month of January 2025. The filing indicates an upcoming Notes Offering that was approved by a Shareholders Meeting. The company's principal executive office is located in Lima, Peru.
Why It Matters
This filing signals potential debt financing for Buenaventura, which could impact its capital structure and future investments.
Risk Assessment
Risk Level: medium — The announcement of a notes offering indicates potential debt issuance, which carries inherent financial risks for the company.
Key Players & Entities
- Compañía de Minas Buenaventura S.A.A. (company) — Registrant
- Buenaventura Mining Company Inc. (company) — English translation of registrant's name
- January 30, 2025 (date) — Date of communication regarding Notes Offering
- January 2025 (date) — Reporting period for the 6-K
- Shareholders Meeting (event) — Approved the Notes Offering
FAQ
What is the purpose of the Form 6-K filing?
The Form 6-K is a Report of Foreign Issuer filed for the month of January 2025, providing information about the company's activities, including the approval of a Notes Offering.
When was the Notes Offering approved?
The Notes Offering was approved by the Shareholders Meeting of Compañía de Minas Buenaventura S.A.A.
Where is Compañía de Minas Buenaventura S.A.A. located?
The company's principal executive office is located at AV. BEGONIAS NO. 415, 19TH FLOOR, SAN ISIDRO, LIMA, PERU.
What is the filing date of this 6-K?
This Form 6-K was filed as of January 31, 2025.
Does Buenaventura file annual reports under Form 20-F or 40-F?
The registrant indicates it files annual reports under cover of Form 20-F.
Filing Stats: 478 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2025-01-30 20:49:47
Key Financial Figures
- $650,000,000 — s been determined: - Notes Issuance: US$650,000,000 6.800% Senior Notes due 2032. - Princ
Filing Documents
- tm254999d1_6k.htm (6-K) — 17KB
- tm254999d1_6kimg001.jpg (GRAPHIC) — 9KB
- 0001104659-25-007712.txt ( ) — 31KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer 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 Free translation into English January 30, 2025 Messrs. Superintendencia del Mercado de Valores Dear Sirs: In connection with the Notes Offering approved by the Shareholders Meeting of Compañía de Minas Buenaventura S.A.A. (the “Company”) on December 4, 2024, and by the Company’s board of directors on January 23, 2025, hereby and as set forth by the Regulation on Material and Reserved Information, approved by Resolution SMV No. 005-2014-SMV/01, we report as Notice of Material Information (Hecho de Importancia) , that on this date the pricing of the approved notes has taken place following the previously referred agreements, the following conditions has been determined: - Notes Issuance: US$650,000,000 6.800% Senior Notes due 2032. - Principal Amount: US$650,000,000. - Trade Date: February 4, 2025. - Maturity Date: February 4, 2032. - Issue Price: 98.367% - Coupon: 6.800% annual. - Offering Format: Rule 144A and Reg S Notes Offering. - Listing: Application is expected to be made to list the Notes on the Singapore Exchange Securities Trading Limited. It is worth noting that this communication is not an offer to sell the securities described herein in the United States of America or in any other jurisdiction where this offering is prohibited, and such securities cannot be offered for sale or be sold in the United States of America without proper registration or without exception to registration under the Securities Act of 1933 (as amended) of the United States of America. The Company does not intend to register any of its securities in the United States of America or hold a public offering for such securities in any jurisdiction. Sincerely, DANIEL DOMINGUEZ VERA MARKET RELATIONS OFFICER COMPAÑIA DE MINAS BUENAVENTURA S.A.A. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. COMPAÑÍA DE MINAS BUENAVENTURA S.A.A. Date: January 30, 2025 By: /s/ DANIEL DOMÍNGUEZ VERA Name: Daniel Domínguez Vera Title: Market Relations Officer