Buenaventura (BVN) Announces $650M Notes Offering

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN), Peru’s largest publicly-traded precious metals mining company, announced today the successful issuance of its senior unsecured notes (the “Notes”) due 2032 in an aggregate amount of US$650 million. The Notes mature on February 4, 2032 and bear interest at a rate of 6.800% per annum.

The Notes were offered by means of a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes are fully and unconditionally guaranteed jointly and severally by Inversiones Colquijirca S.A., Procesadora Industrial Río Seco S.A. and Consorcio Energético Huancavelica S.A.

Buenaventura intends to use the net proceeds from this offering to refinance its outstanding 5.500% Senior Notes due 2026 and for general corporate purposes. This transaction will contribute to strengthening the Company’s credit profile and extending maturities. The success of our bond issuance is an important reflection of investors’ confidence in our Company.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor will there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction. The Notes have not been registered under the Securities Act, or any applicable state securities laws, and have been offered only to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. Unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and any applicable state securities laws.

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