Nexa Resources Announces Results of Its Tender Offers for Outstanding Notes
LUXEMBOURG, April 4, 2025 /PRNewswire/ — Nexa Resources S.A. (“Nexa Resources,” “Nexa,” or the “Company”), a leading international mining company with a focus on the production of copper, zinc, gold, and other minerals, today announces the expiration and results of its previously announced offer to purchase for cash (the “Tender Offers”) for any and all of its outstanding:
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5.375% senior unsecured guaranteed notes due 2027 (the “2027 Notes”)
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6.500% Notes due 2028 (the “2028 Notes” and, together with the 2027 Notes, the “Notes”)
The Tender Offers, which were made by Nexa and guaranteed by Nexa Resources Cajamarquilla S.A., expired at 11:59 p.m., New York City time, on April 1, 2025 (the “Expiration Time”). The Company received valid tenders of Notes representing in aggregate principal amount of approximately $1.1 billion, which represents approximately 93.5% of the outstanding principal amount of the Notes.
All Notes validly tendered and not withdrawn prior to the Expiration Time will be purchased by the Company for $1,015.00 per $1,000 principal amount, plus accrued and unpaid interest up to, but not including, the settlement date. The settlement date for the Tender Offers is expected to be April 7, 2025.
The Tender Offers are being made as part of Nexa’s ongoing efforts to reduce its debt levels and improve its balance sheet. The Company intends to use the cash proceeds from the Tender Offers to repay or redeem the Notes and to pay related fees and expenses.
Impact on Individual Investors
If you are an individual investor who tendered Notes in the Tender Offers, the following information applies to you:
- You will receive $1,015.00 for each $1,000 principal amount of Notes tendered.
- Accrued and unpaid interest up to, but not including, the settlement date will be paid in addition to the tender price.
- Your Notes will be cancelled and the related CUSIP numbers will no longer be valid after the settlement date.
If you have any questions regarding the Tender Offers or the process for receiving payment for your tendered Notes, please contact the Information Agent, D.F. King & Co., Inc., at +1-800-558-3452 (toll-free in the United States) or +1-212-269-5550 (collect), or by email at
Impact on the World
The successful completion of the Tender Offers by Nexa Resources is expected to have the following impacts:
- Reduction of debt levels: Nexa Resources will reduce its outstanding debt by approximately $1.1 billion, which will improve its financial position and reduce its interest expenses.
- Positive market sentiment: The successful completion of the Tender Offers demonstrates Nexa Resources’ commitment to reducing debt and improving its balance sheet, which may lead to positive market sentiment and a potential increase in its stock price.
- Impact on the mining industry: The successful completion of the Tender Offers may encourage other mining companies to follow suit and reduce their debt levels, which could lead to a more stable and sustainable mining industry.
Conclusion
Nexa Resources’ successful completion of the Tender Offers for its outstanding 2027 and 2028 Notes represents a significant step forward in the Company’s ongoing efforts to reduce its debt levels and improve its balance sheet. The tender price of $1,015.00 per $1,000 principal amount, plus accrued and unpaid interest, reflects a premium to the Notes’ face value and provides a positive return for individual investors who tendered their Notes in the Tender Offers. The reduction of Nexa Resources’ debt levels is expected to have a positive impact on the Company’s financial position, market sentiment, and the mining industry as a whole.
