Buenaventura wraps up refinancing

Buenaventura wraps up refinancing

Loans Debt Corporate & Sovereign Strategy Peru Andean

Peruvian mining company Buenaventura said on Friday that it signed a new $275 million syndicated loan at a lower rate than a similar facility it negotiated in 2016. The new five-year credit priced at 190 basis points over three-month Libor, down from 215 basis points on the previous facility, Buenaventura said in a securities filing. BBVA, Banco de Crédito del Perú (BCP) and Itaú organized the new loan, "extending the average maturity of the company's current debt with a lower interest rate, whi

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