July 10, 2014 10:18 AM ET

Metals and Mining

Company Overview of Compania Minera Ares S.A.C.

Company Overview

Compania Minera Ares S.A.C. offers gold and silver exploration services and is based in Peru.

Calle La Colonia NRO 180

Urb El Vivero Surco

Santiago de Surco

Lima,  33

Peru

Founded in 1993

Key Executives for Compania Minera Ares S.A.C.

Compania Minera Ares S.A.C. does not have any Key Executives recorded.

Compania Minera Ares S.A.C. Key Developments

Compañía Minera Ares S.A.C Announces Closing of $350 Million Senior Notes Offering

Hochschild Mining plc announced the completion of the offering of $350 million aggregate principal amount of 7.750% Senior Notes due 2021 by its wholly owned subsidiary, Compañía Minera Ares S.A.C. The notes were offered only to qualified institutional buyers under Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S of the Securities Act. The notes are guaranteed by Hochschild Mining plc and certain of its subsidiaries. The net proceeds from the sale of the notes will be used to repay the outstanding borrowings under the Bridge Facility in full, plus accrued and unpaid interest, and to pay related fees and expenses. $270.0 million of indebtedness outstanding under the Bridge was incurred in December 2013 in order to finance the purchase price, fees and expenses associated with the previously announced acquisition of International Minerals Corporation, completed on 20 December 2013. The remaining proceeds will be used for general corporate purposes.

Hochschild Mining PLC Announces Pricing of $350 Million of 7.875% of Senior Notes

Hochschild Mining plc announced that its wholly owned subsidiary, Compañía Minera Ares S.A.C. has agreed on pricing of an issuance of $350 million aggregate principal amount of 7.875% Senior Notes due 2021. The net proceeds from the sale of the notes will be used to repay the outstanding borrowings under the Bridge Facility (the Bridge) in full, plus accrued and unpaid interest, and to pay related fees and expenses. The remaining proceeds will be used for general corporate purposes. $270.0 million of indebtedness under the Bridge has been incurred in order to finance, in part, the purchase price, fees and expenses associated with the previously announced acquisition of International Minerals Corporation, completed on December 20, 2013.

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