Cobre del Mayo, S.A. de C.V. Announces Exchange Offer and Consent Solicitation

http://www.canadianminingjournal.com/press-releases/story/?id=1003739095

MEXICO CITY, Dec. 18, 2015 /CNW/ — Cobre del Mayo, S.A. de C.V. (“CDM” or “we”) announced that it has commenced an offer (the “Exchange Offer”) to eligible noteholders described below to exchange any and all of its outstanding approximately $217.2 million aggregate principal amount of 10.75% Senior Notes due 2018 (ISIN: XS0996338322; Common Code: 099633832)  (the “Existing Notes”) for approximately (i) $119.5 million aggregate principal amount of Senior Secured PIK Toggle Notes due 2021 (the “Secured Notes”), plus additional Secured Notes in the amount of accrued and unpaid interest to but excluding the settlement date of the exchange offer (the “Settlement Date”), plus (ii) approximately $97.8 million aggregate principal amount of Junior Non-Interest Bearing 2045 Notes (the “Junior Notes” and together with the Secured Notes, the “New Notes”).

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