on Nexa Resources S.A. (NASDAQ:NEXA)
Nexa Resources Announces Pricing of $600 Million Senior Unsecured Notes Due 2034
Nexa Resources S.A. has recently disclosed the pricing of its $600 million 6.750% senior unsecured notes, which are due in 2034. The closing of this offering is anticipated for April 9, 2024. These notes will be backed by Nexa Resources Cajamarquilla S.A. and Nexa Recursos Minerais S.A. The company aims to allocate the proceeds primarily to facilitate a cash tender offer for its existing notes due in 2027 and 2028, alongside covering general corporate needs and liability management transactions.
The offering is targeted towards qualified institutional buyers as per Rule 144A and non-U.S. persons under Regulation S of the U.S. Securities Act of 1933, as amended. Restrictions will be in place since the notes have not been registered under the Securities Act or any state securities laws and will not be available in the United States without registration or an applicable exemption. The press release clarifies that any offer to sell or buy these securities is contingent upon a private offering memorandum and not available where it would be unlawful without necessary registrations or qualifications.
R. H.
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