Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Peru
  4. Bolsa De Valores De Lima
  5. Volcan Compañía Minera S.A.A.
  6. News
  7. Summary
    VOLCABC1   PEP648014202

VOLCAN COMPAÑÍA MINERA S.A.A.

(VOLCABC1)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Volcan Compañía Minera S.A.A. Commences Offer to Purchase Up to U.S.D 120,000,000 Aggregate Principal Amount of the Outstanding 5.375% Senior Notes Due 2022

02/01/2021 | 02:13pm EDT

Volcan Compañía Minera S.A.A. announced the commencement of its offer to purchase for cash up to U.S.D 120,000,000 aggregate principal amount of the outstanding 5.375% Senior Notes due 2022. The Tender Offer will expire at 11:59 p.m., New York City time, on March 1, 2021, or any other date and time to which Volcan extends the Tender Offer (such date and time, as it may be extended, the Expiration Date), unless earlier terminated.  Holders must validly tender their Notes at or prior to the Expiration Date to be eligible to receive the Tender Offer Consideration (as defined below) for such Notes plus Accrued Interest (as defined below).  Holders must validly tender their Notes at or prior to 5:00 p.m., New York City time, on February 12, 2021 (such date and time, as it may be extended, the Early Tender Date) to be eligible to receive the Total Consideration (as defined below) for such Notes plus Accrued Interest.  The Total Consideration, the Tender Offer Consideration and the Accrued Interest will be payable in cash.  Tendered Notes may be validly withdrawn from the Tender Offer at or prior to, but not after, 5:00 p.m., New York City time, on February 12, 2021 (such date and time, as it may be extended, the Withdrawal Deadline).  Notes validly tendered pursuant to the Tender Offer and accepted for purchase will be so accepted subject to the Maximum Tender Amount and may be subject to proration, all as more fully described herein. Subject to the Maximum Tender Amount, Volcan intends to accept for purchase all Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date, and will only prorate such Notes if the aggregate principal amount of Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date exceeds the Maximum Tender Amount.  If the Tender Offer is not fully subscribed as of the Early Tender Date, Holders who validly tender Notes after the Early Tender Date but at or prior to the Expiration Date may be subject to proration if the aggregate principal amount of Notes validly tendered (and not validly withdrawn) at or prior to the Expiration Date exceeds the Maximum Tender Amount.  Subject to the Maximum Tender Amount and proration and subject to the priority in proration described below, all Notes validly tendered at or prior to the Early Tender Date will be accepted for purchase before any Notes validly tendered after the Early Tender Date are accepted for purchase.  Furthermore, if the Tender Offer is fully subscribed as of the Early Tender Date, Holders who validly tender Notes after the Early Tender Date will not have any of their Notes accepted for purchase, provided that such Notes may be accepted for purchase if Volcan increases the Maximum Tender Amount, which it is entitled to do in its sole discretion.  There can be no assurance that Volcan will increase the Maximum Tender Amount.  The Offer to Purchase is being made in connection with a concurrent offering of senior unsecured notes (the New Notes) by Volcan guaranteed by Compañía Minera Chungar S.A.C., Empresa Administradora Cerro S.A.C. and Óxidos de Pasco S.A.C. (the Bond Offering).  The Bond Offering will be exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the Securities Act). The Tender Offer is not conditioned upon the tender of any minimum principal amount of Notes.  Volcan refers to the offer to purchase the Notes as the Tender Offer.  The Tender Offer is open to all registered holders (individually, a Holder, and collectively, the Holders) of the Notes.  The Tender Offer is subject to the satisfaction of certain conditions, as described in the section of the Offer to Purchase entitled "The Tender Offer—Conditions to the Tender Offer. The purpose of the Tender Offer is to purchase up to U.S.D 120,000,000 aggregate principal amount of Notes and extend the maturity profile of Volcan's indebtedness through the Bond Offering. Subject to the terms and conditions of the Tender Offer, the consideration for each U.S.D 1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Tender Offer will be the tender offer consideration for the Notes set forth in the table above (the Tender Offer Consideration).  Holders of Notes that are validly tendered (and not validly withdrawn) at or prior to the Early Tender Date and accepted for purchase pursuant to the Tender Offer will receive the Tender Offer Consideration plus the early tender premium for the Notes set forth in the table above (the Early Tender Premium and, together with the Tender Offer Consideration, the Total Consideration).  Holders of Notes tendered after the Early Tender Date, but before the Expiration Date, and accepted for purchase pursuant to the Tender Offer will receive the Tender Offer Consideration, but not the Early Tender Premium.  No tenders will be valid if submitted after the Expiration Date.


© S&P Capital IQ 2021
All news about VOLCAN COMPAÑÍA MINERA S.A.A.
08/03Volcan Compañía Minera S.A.A. Reports Earnings Results for the Second Quarter Ended Jun..
CI
04/30Volcan Compañía Minera S.A.A. Reports Earnings Results for the First Quarter Ended Marc..
CI
02/15Volcan Compañía Minera S.A.A. Reports Earnings Results for the Fourth Quarter Ended Dec..
CI
02/13Volcan Compañía Minera S.A.A. Announces Increase of Maximum Tender Amount and Results o..
CI
02/01Volcan Compañía Minera S.A.A. Commences Offer to Purchase Up to U.S.D 120,000,000 Aggre..
CI
2020Cerro de Pasco Resources Inc. cancelled the acquisition of Oxidos de Pasco S.A.C., Empr..
CI
2020Volcan Reportedly Considers Sale of Assets
CI
2020Gamma Cementos II SA entered into an agreement to acquire Cemento Polpaico S.A. from Vo..
CI
2019CERRO DE PASCO RESOURCES : CDPR to Acquire Cerro de Pasco Operations in Peru
AQ
2019Cerro de Pasco Resources Inc. has executed a definitive share purchase agreement to acq..
CI
More news
Financials (USD)
Sales 2021 801 M - -
Net income 2021 63,0 M - -
Net Debt 2021 - - -
P/E ratio 2021 8,34x
Yield 2021 -
Capitalization 1 571 M 1 554 M -
Capi. / Sales 2021 1,96x
Capi. / Sales 2022 1,73x
Nbr of Employees 2 887
Free-Float 61,6%
Chart VOLCAN COMPAÑÍA MINERA S.A.A.
Duration : Period :
Volcan Compañía Minera S.A.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VOLCAN COMPAÑÍA MINERA S.A.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 0,17 $
Average target price 0,17 $
Spread / Average Target 3,97%
EPS Revisions
Managers and Directors
Jorge Leoncio Murillo Nuñez Vice President-Finance & Administration
José Enrique Juan Picasso Salinas Chairman
Dayan Gustavo Segura Vandervelde Manager-Information Technology
Human Barend Daniël Manager-Central Technical
Aldo de la Cruz Peceros Vice President-Operations