SAO
PAULO, Dec. 5, 2023 /PRNewswire/ -- Companhia
Siderúrgica Nacional ("CSN") (NYSE: SID) announced today
that the cash tender offer (the "Tender Offer") by its subsidiary,
CSN Resources S.A. ("CSN Resources"), for any and all of its
outstanding US$300,000,000 in
aggregate principal amount of 7.625% Senior Unsecured Guaranteed
Notes due 2026 (the "Notes") (144A CUSIP / ISIN: 12644VAC2 /
US12644VAC28 and Regulation S CUSIP / ISIN: L21779AD2 /
USL21779AD28), fully, unconditionally and irrevocably guaranteed by
CSN, expired today at 5:00 p.m.,
New York City time (the
"Expiration Time"). At the Expiration Time, valid tenders had been
received with respect to US$117,021,000 in aggregate principal amount of
Notes.
CSN Resources expects to accept and make payment for all validly
tendered Notes at or prior to the Expiration Time on December 8, 2023.
Holders of Notes who validly tendered their Notes at or prior to
the Expiration Time are eligible to receive US$1,010 per US$1,000 principal amount of Notes. In addition,
accrued and unpaid interest from the last interest payment date to,
but not including, the settlement date for the Notes will be paid
in cash on all validly tendered and accepted Notes.
Disclaimer
This press release is for informational purposes only and does
not constitute an offer to purchase or the solicitation of an offer
to sell any securities.
This press release may contain forward-looking statements within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act of
1934, as amended, including those related to the Tender Offer.
Forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results
in the future, and, accordingly, such results may differ from those
expressed in any forward-looking statements.
COMPANHIA SIDERÚRGICA
NACIONAL
Marcelo Cunha
Ribeiro
Chief Financial and Investor Relations
Officer
View original
content:https://www.prnewswire.com/news-releases/announcement-of-expiration-of-tender-offer-for-any-and-all-2026-notes-by-csn-resources-sa-302006890.html
SOURCE Companhia Siderúrgica Nacional