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.