Nexa Resources Announces Expiration and Results of Its Any and All Cash Tender Offers for Notes Due in 2027 and 2028

Core Viewpoint - Nexa Resources has announced the expiration and results of its cash tender offers for its outstanding senior unsecured guaranteed notes due in 2027 and 2028, indicating a significant level of participation from noteholders in the tender process [1][3]. Tender Offer Details - The tender offers were made for (i) 5.375% senior unsecured guaranteed notes due 2027 and (ii) 6.500% notes due 2028, with the offers subject to the conditions outlined in the Offer to Purchase dated March 31, 2025 [2]. - As of the expiration date, approximately 48.72% of the 2027 notes (US$104,987,000) and approximately 72.23$289,279,000) were validly tendered and not withdrawn [3][4]. Financial Considerations - The total consideration for the 2027 notes is US$1,015.00 per US$1,000.00 principal amount, while for the 2028 notes, it is US$1,041.25 per US$1,000.00 principal amount [8][9]. - The settlement date for the tender offers is expected to occur within three business days following the expiration date, specifically on April 9, 2025 [10]. Company Background - Nexa Resources is a large-scale, low-cost integrated polymetallic producer, primarily focused on zinc, with over 65 years of experience in mining and smelting operations in Latin America [14]. - The company operates four long-life underground polymetallic mines and one low-cost open pit mine in Peru, along with three smelters in Brazil and Peru [14]. - In 2024, Nexa was among the top five producers of mined zinc globally, according to Wood Mackenzie [15].