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NEXA RESOURCES ANNOUNCES EXPIRATION AND RESULTS OF ITS ANY AND ALL CASH TENDER OFFERS FOR NOTES DUE IN 2027 AND 2028
NEXANexa Resources S.A.(NEXA) Prnewswire·2025-04-04 23:34

Core Viewpoint - Nexa Resources S.A. has announced the expiration and results of its cash tender offers for its outstanding senior unsecured guaranteed notes, specifically the 5.375% notes due 2027 and the 6.500% notes due 2028, with significant portions of both notes being validly tendered [1][3]. Summary by Relevant Sections Tender Offer Details - The tender offers were conducted under the terms outlined in the offer to purchase dated March 31, 2025 [2]. - As of the expiration date, approximately 48.72% of the 2027 Notes (US104,987,000)andapproximately72.23104,987,000) and approximately 72.23% of the 2028 Notes (US289,279,000) were validly tendered [3]. Financial Information - The principal amounts of the notes prior to the tender offers were US215,500,000forthe2027NotesandUS215,500,000 for the 2027 Notes and US400,500,000 for the 2028 Notes [5]. - The total consideration for the 2027 Notes is US1,015.00perUS1,015.00 per US1,000.00 principal amount, while for the 2028 Notes, it is US1,041.25perUS1,041.25 per US1,000.00 principal amount [8][9]. Settlement and Interest - The settlement date for the tender offers is expected to occur on April 9, 2025, or as promptly as practicable thereafter [10]. - Accrued interest will be paid along with the principal amount for the notes accepted for purchase [11]. 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 [15]. - The company was among the top five producers of mined zinc globally in 2024, according to Wood Mackenzie [16].