Core Viewpoint - Gerdau S.A. has completed its offer to purchase outstanding 4.875% notes due 2027, with all validly tendered notes accepted for purchase [1][3]. Offer Details - The offer was made for cash to purchase all outstanding 4.875% notes due 2027, guaranteed by Gerdau and its subsidiaries [1]. - The offer expired on June 9, 2025, at 5:00 p.m. New York City time [3]. - A total principal amount of US$418,244,000 was outstanding, with US$237,646,000 tendered [2]. - The consideration for the notes accepted was US$1,007.83 per US$1,000 principal amount [2]. Settlement Information - Settlement of the offer is expected to occur within three business days following the expiration date, specifically on June 12, 2025 [4]. Additional Information - Gerdau Trade has engaged several financial institutions, including BofA Securities, Goldman Sachs, J.P. Morgan, and Morgan Stanley, to act as dealer managers for the offer [6]. - Further details regarding the offer can be found in the Offer Documents available through the designated tender agent [5].

Core Viewpoint - Gerdau S.A. is making an offer to purchase any and all outstanding 4.875% notes due 2027 issued by Gerdau Trade Inc. for cash, which is fully guaranteed by Gerdau and its subsidiaries [1][2] Offer Details - The offer is made pursuant to the terms set forth in the offer to purchase dated June 3, 2025, and includes a notice of guaranteed delivery [2] - The total principal amount of the outstanding notes is US$418,244,000 [4] - The consideration payable for each US$1,000 principal amount of notes validly tendered is US$1,007.83, based on a yield of 4.020% [4][5] Expiration and Settlement - The offer will expire at 5:00 p.m. New York City time on June 9, 2025, unless extended or terminated earlier by Gerdau Trade [6] - Settlement of the offer is expected to occur within three business days following the expiration date, anticipated to be June 12, 2025 [10] Conditions of the Offer - Gerdau Trade's obligation to accept the notes is conditioned upon the satisfaction or waiver of several conditions described in the offer to purchase [11] - Gerdau Trade reserves the right to delay acceptance, extend the expiration date, or terminate the offer if conditions are not met [11] Additional Information - Holders of the notes accepted for purchase will receive accrued and unpaid interest from the last interest payment date to the settlement date [7] - The offer is being managed by BofA Securities, Goldman Sachs, J.P. Morgan, and Morgan Stanley [13]

Core Viewpoint - Gerdau S.A. has initiated a cash offer to purchase all outstanding 4.875% notes due 2027, totaling approximately US$418.24 million, which are guaranteed by its subsidiaries [1][3]. Offer Details - The offer is set to expire on June 9, 2025, at 5:00 p.m. New York City time, unless extended or terminated earlier by Gerdau Trade [3]. - Holders of the notes who validly tender their notes by the expiration date will be eligible to receive the consideration, which will be determined based on a fixed spread plus the yield of a reference U.S. Treasury security [4][5]. - Settlement of the offer is expected to occur within three business days following the expiration date, anticipated to be June 12, 2025 [6]. Conditions and Rights - The acceptance of the notes is contingent upon the successful pricing of a debt offering by Gerdau Trade, generating sufficient net proceeds to cover the consideration and accrued coupon payments [8]. - Gerdau Trade reserves the right to delay acceptance, extend the expiration date, or terminate the offer if conditions are not met [9][10]. - The offer is not conditioned on a minimum amount of notes being tendered, and if terminated, no payments will be made to holders of the notes [10]. Subsequent Actions - After the expiration date, Gerdau Trade may acquire any remaining notes through various means, including open market purchases or redemptions [11].