Report of Foreign Issuer (6-k)
July 20 2016 - 6:04AM
Edgar (US Regulatory)
FORM
6 - K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a - 16 or 15d - 16 of
the
Securities Exchange Act of 1934
As
of 7/19/2016
Ternium
S.A.
(Translation
of Registrant's name into English)
Ternium
S.A.
29 Avenue de la Porte-Neuve – 3rd floor
L-2227
Luxembourg
(352)
2668-3152
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12G3-2(b) under the Securities Exchange Act of 1934.
Yes
☐ No ☒
If
“Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
Not
applicable
The
attached material is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the
Securities Exchange Act of 1934, as amended.
This
report contains Ternium S.A.’s press release informing the completion of Usiminas’ capital increase process.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
TERNIUM
S.A.
By:
/s/ Pablo Brizzio
Name:
Pablo Brizzio
Title:
Chief Financial Officer
Dated:
July 19, 2016
Sebastián
Martí
Ternium
- Investor Relations
+1
(866) 890 0443
+54
(11) 4018 2389
www.ternium.com
Ternium
announces completion of Usiminas’ capital increase process
Luxembourg,
July 19, 2016 – Ternium S.A. (NYSE: TX) announced today that, following the completion of the subscription process in connection
with the previously-announced issuance of 200 million ordinary shares of Usinas Siderúrgicas de Minas Gerais – Usiminas
at BRL5.0 per share, Usiminas’ extraordinary general shareholders’ meeting homologated the resulting BRL 1 billion
capital increase and authorized the issuance of such ordinary shares.
Throughout
the various stages of the subscription process, Ternium and its subsidiaries Siderar and Prosid have subscribed, in the aggregate,
to 76.4 million ordinary shares for a total amount of BRL382.2 million (approximately USD110.9 million). In addition, on April
20, 2016, Ternium and its subsidiaries subscribed, in the aggregate, to 8.5 million preferred shares for a total amount of BRL10.9
million (approximately USD3.1 million).
Following
the issuance of these ordinary shares, Ternium and its subsidiaries will own a total of 242.6 million ordinary shares and 8.5
million preferred shares, representing 20.5% of Usiminas’ capital, and the T/T Group (including Ternium, Siderar, Prosid
and Tenaris S.A.’s subsidiary Confab) will own 39.6% of Usiminas’ ordinary shares and 1.8% of Usiminas’ preferred
shares.
Forward
Looking Statements
Some
of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are
based on management’s current views and assumptions and involve known and unknown risks that could cause actual results,
performance or events to differ materially from those expressed or implied by those statements. These risks include but are not
limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs,
cyclicality in the industries that purchase steel products and other factors beyond Ternium’s control.
About
Ternium
Ternium
is a leading steel producer in Latin America, with an annual production capacity of approximately 11.0 million tons of finished
steel products. The company manufactures and processes a broad range of value-added steel products for customers active in the
construction, automotive, home appliances, capital goods, container, food and energy industries. With production facilities
located in Mexico, Argentina, Colombia, the southern United States and Guatemala, Ternium serves markets in the Americas through
its integrated manufacturing system and extensive distribution network. In addition, Ternium participates in the control
group of Usiminas, a Brazilian steel company. More information about Ternium is available at www.ternium.com.
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