Linklaters advises on over US$600 million in banking transactions for three Peruvian companies
Deals include US$400m syndicated senior unsecured term loan facility for Volcan, US$185m refinancing and US$30m bilateral loan for two other Peruvian companies
Linklaters has advised on transactions totaling over US$600 million for three Peruvian companies with closings in December 2021.
Linklaters represented Citigroup Global Markets Inc. and Banco Santander, S.A., as joint lead arrangers and bookrunners, and a syndicate of financial institutions in connection with Volcan Compañía Minera S.A.A.’s (Volcan) US$400 million senior unsecured term loan facility. Volcan will use the proceeds from the facility to refinance its outstanding 5.375% Senior Notes due 2022. Volcan is a diversified Peruvian mining company controlled by Glencore PLC.
The firm also represented a Peruvian company in the refinancing of over 40 senior facility agreements for an aggregate of approximately US$185 million, and another Peruvian company in connection with a US$30 million bilateral loan with a New York financial institution as lender.
The Linklaters deal team was led by partner Michael Bassett and counsel Alejandro Gordano, alongside associates Hwan Choi, Madeleine Bléhaut and Juan Mata, and foreign attorney Monica Perez-Banuet Farell.
