Nexa Resources Announces Redemption of Its 5.375% Notes Due 2027
Nexa Resources (NYSE: NEXA) has announced its decision to redeem all outstanding 5.375% Senior Notes due 2027, totaling US$110,509,000.00. The redemption is scheduled for May 23, 2025.
The redemption price will be calculated as the greater of two options: (1) 100% of the principal amount plus accrued and unpaid interest, or (2) the sum of present values of remaining scheduled payments of principal and interest, discounted at the Treasury Rate plus 50 basis points.
Nexa Resources (NYSE: NEXA) ha annunciato la decisione di rimborsare tutte le Senior Notes al 5,375% in scadenza nel 2027, per un totale di US$110.509.000,00. Il rimborso è previsto per il 23 maggio 2025.
Il prezzo di rimborso sarà calcolato come il maggiore tra due opzioni: (1) il 100% dell'importo principale più gli interessi maturati e non pagati, oppure (2) la somma dei valori attuali delle restanti rate programmate di capitale e interessi, scontati al tasso Treasury più 50 punti base.
Nexa Resources (NYSE: NEXA) ha anunciado su decisión de redimir todas las Senior Notes al 5,375% con vencimiento en 2027, por un total de US$110,509,000.00. La redención está programada para el 23 de mayo de 2025.
El precio de redención se calculará como el mayor entre dos opciones: (1) el 100% del monto principal más los intereses devengados y no pagados, o (2) la suma de los valores presentes de los pagos programados restantes de capital e intereses, descontados a la tasa del Tesoro más 50 puntos básicos.
Nexa Resources (NYSE: NEXA)는 모든 2027년 만기 5.375% 선순위 채권 전액, 총 1억 1,050만 9,000달러를 상환하기로 결정했다고 발표했습니다. 상환 예정일은 2025년 5월 23일입니다.
상환 가격은 두 가지 옵션 중 더 큰 금액으로 계산됩니다: (1) 원금 100%에 미지급 이자와 발생 이자를 더한 금액, 또는 (2) 국채 수익률에 50 베이시스 포인트를 더한 할인율로 할인한 남은 원금과 이자 지급액의 현재가치 합계.
Nexa Resources (NYSE : NEXA) a annoncé sa décision de racheter la totalité des Senior Notes à 5,375 % arrivant à échéance en 2027, pour un montant total de 110 509 000,00 $ US. Le rachat est prévu pour le 23 mai 2025.
Le prix de rachat sera calculé comme le plus élevé des deux options suivantes : (1) 100 % du montant principal plus les intérêts courus et non payés, ou (2) la somme des valeurs actuelles des paiements restants de principal et d’intérêts, actualisés au taux du Trésor majoré de 50 points de base.
Nexa Resources (NYSE: NEXA) hat beschlossen, alle ausstehenden 5,375% Senior Notes mit Fälligkeit 2027 im Gesamtwert von 110.509.000,00 US-Dollar zurückzukaufen. Die Rückzahlung ist für den 23. Mai 2025 geplant.
Der Rückzahlungspreis wird als der höhere Wert von zwei Optionen berechnet: (1) 100 % des Nennbetrags zuzüglich aufgelaufener und unbezahlter Zinsen oder (2) die Summe der Barwerte der verbleibenden planmäßigen Zahlungen von Kapital und Zinsen, abgezinst mit dem Treasury-Satz plus 50 Basispunkte.
- Early debt retirement demonstrates strong financial position
- Potential reduction in interest expense burden
- Significant cash outflow of US$110.5 million required for redemption
Luxembourg, Luxembourg--(Newsfile Corp. - April 23, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa" or the "Company") announces today that it has notified the holders of its
The 2027 Notes will be redeemed on May 23, 2025 (the "Redemption Date") at a redemption price equal to the greater of (1)
This press release is for informational purposes only and does not constitute a notice of redemption of the 2027 Notes.
About Nexa
Nexa is a large-scale, low-cost, integrated polymetallic producer, zinc being our main product, with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates four long-life underground polymetallic mines, two located in the Central Andes region of Peru, and two located in Brazil (one in the state of Minas Gerais and one in the state of Mato Grosso). Nexa also owns and operates one low-cost polymetallic open pit mine, also in the Central Andes region of Peru, and three smelters, two located in the state of Minas Gerais in Brazil (Três Marias and Juiz de Fora), and one, located in Lima, which is Cajamarquilla, the largest smelter in the Americas.
Nexa was among the top five producers of mined zinc globally in 2024 and one of the top five metallic zinc producers worldwide in 2024, according to Wood Mackenzie.
Cautionary Statement on Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "may have," "would," "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts" and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Nexa to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements.
Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental or other risks that could materially affect the potential development of our projects, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally, as well as risks relating to ongoing or future investigations by local authorities with respect to our business and operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such matters.
Our estimates and forward-looking statements may also be influenced by regulatory changes in the countries where we operate, including new trade restrictions, tariff escalations, and policy shifts affecting cross-border commerce and supply chains. Certain forward-looking statements are based on third-party data, market forecasts, and assumptions that may be subject to change. Nexa does not guarantee the accuracy of such external data and disclaims any obligation to update these statements unless required by law.
These forward-looking statements related to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management's expectations with respect to, but not limited to, the business and operations of the Company and mining production, our growth strategy, the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, capex, expenses related to exploration and project evaluation, estimation of Mineral Reserves and/or Mineral Resources, mine life and our financial liquidity.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable and appropriate by management and qualified persons considering their experience are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions.
We assume no obligation to update forward-looking statements except as required under securities laws. Estimates and forward-looking statements refer only to the date when they were made, and we do not undertake any obligation to update or revise any estimate or forward-looking statement due to new information, future events or otherwise, except as required by law. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).
For further information, please contact:
Investor Relations Team
ir@nexaresources.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249414
FAQ
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