Volcan Begins Cash Tender Offer For 8.750% Senior Notes Due 2030

Volcan Compañía Minera said it began an offer to purchase for cash any of its outstanding $299,872,000 in 8.750% Senior Notes due 2030, according to a statement distributed by Globe Newswire.

• Notes purchased in the offer will be retired and cancelled; total consideration of $1,050 for each $1,000 of principal amount of notes tendered and consents delivered
• Volcan is soliciting from holders a consent to certain proposed amendments to the indenture governing the notes and to the security documents governing the collateral
  • Amendments would eliminate significantly all of the restrictive covenants, events of default and related provisions contained in the ...