#Luxembourg #cash tender offers #Notes Due #Nexa Resources

Nexa Resources Announces Tender Offer Results

On April 4, 2025, Nexa Resources S.A. revealed the expiration and results of its cash tender offers aimed at purchasing outright its outstanding senior notes due in 2027 and 2028. This strategic move demonstrates Nexa's proactive approach towards managing its debt obligations and capital structure.

The tender offers were specifically related to two types of notes: the 5.375% senior unsecured notes due 2027 and the 6.500% notes due 2028, both underpinned by guarantees from subsidiaries including Nexa Resources Cajamarquilla S.A. and Nexa Resources Perú S.A.A. This initiative was officially initiated on March 31, 2025, offering cash to holders of these securities.

By the expiration date, an impressive portion of the notes were tendered. Approximately $104,987,000, or 48.72% of the total principal outstanding for the 2027 notes, was validly tendered. In addition, around $289,279,000, representing 72.23% of the total principal for the 2028 notes, was also successfully tendered. These figures indicate a robust response from investors, reflecting their confidence in Nexa's financial management.

The details concerning the tender offers show significant results:

• - 5.375% Notes due 2027

- Principal amount outstanding prior to the tender offers: $215,500,000
- Principal amount validly tendered: $104,987,000
- Subsequent principal amount: $110,513,000
- Tender offer consideration: $1,015.00 per $1,000.00 principal amount

• - 6.500% Notes due 2028

- Principal amount outstanding prior: $400,500,000
- Amount validly tendered: $289,279,000
- Remaining principal amount: $111,221,000
- Tender offer consideration: $1,041.25 per $1,000.00 principal amount

Nexa's offer was framed under terms and conditions specified in the initial offer document. Investors needed to act before the expiration date to secure their tender. As per the information from D.F. King & Co., the designated tender and information agent, the successful tenders will lead to a settlement date anticipated to fall within three business days post-expiration, specifically on April 9, 2025.

Holders of the validly tendered notes are set to receive the specified tender offer consideration in addition to accrued interest from the last payment date right up to the settlement date. Importantly, this offer grants a clear opportunity for investors to realize a return on their investment during an increasingly volatile economic environment.

This initiative by Nexa highlights its strategic financial maneuvering amid shifting market dynamics, illustrating a commitment to strengthening its financial position while enhancing shareholder value.

With operations spanning over 65 years, Nexa Resources is recognized as a leading polymetallic producer primarily focused on zinc production in Latin America. Its portfolio includes four robust underground polymetallic mines, and it stands among the top five global zinc producers as of 2024.

As the tender offers conclude, Nexa Resources is set on a path that harmonizes debt reduction with operational excellence, paving the way for sustainable growth.

For additional queries regarding these tender offers, Nexa has designated Citigroup Global Markets Inc. and other financial firms as dealer managers, ensuring that all investor inquiries are efficiently addressed.

Overall, this development signals an encouraging trend within the company’s financial landscape and sets an optimistic tone for its stakeholders moving forward.