Mineros S.A. to Launch Senior Notes Offering with an Initial Value of US$400 Million

The company reported that the proceeds obtained will be used to finance capital investments and for general corporate purposes.

Mineros announced that it has begun meetings with investors to structure an international issuance of senior notes for an initial amount of US$400 million and a term of five years. As reported, the transaction will be executed through its subsidiary Mineros Netherlands B.V., and the notes will constitute general senior unsecured obligations, guaranteed by Mineros S.A. and its subsidiaries Hemco Mineros Nicaragua S.A. and Mineros Aluvial S.A.S. BIC.

The final amount, the interest rate, and the conditions will depend on the market at the time of pricing. The company reported that the proceeds obtained will be used to finance capital investments and for general corporate purposes.

Concurrently, Mineros has signed a commitment letter for a senior revolving credit facility for up to US$100 million, of which US$80 million has already been committed by Citigroup Global Markets, Banco Santander, and The Royal Bank of Canada.

This facility would have an interest rate equivalent to SOFR + 4.00% per annum and a term of three years. It will be subject to market conditions and the execution of definitive documentation. The borrower will be Mineros Netherlands B.V. and it will be supported by guarantees from the parent company and its subsidiaries.

The company clarified that these notes will not be registered in the Colombian National Registry of Securities and Issuers (Registro Nacional de Valores y Emisores) nor on the Colombian Stock Exchange (Bolsa de Valores de Colombia), and thus cannot be the subject of a public offering in the country, except under private conditions permitted by current regulations.

Furthermore, it indicated that the offering will be directed exclusively to institutional investors in the U.S. under Rule 144A and to non-U.S. persons in offshore transactions under Regulation S. The notes will not be registered under the U.S. Securities Act, and therefore may not be publicly offered or sold in that country or in jurisdictions where the offering is not authorized.

Read the original article in Larepublica.co published on October 20, 2025: Click here.