SÃO PAULO, Jan. 24, 2020
/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$433,603,000 in aggregate principal amount of
6.50% Senior Unsecured Guaranteed Notes due 2020 (the "Notes")
(144A CUSIP / ISIN Nos. 12644VAA6 / US12644VAA61 and Reg S CUSIP /
ISIN Nos. L21779AA8/USL21779AA88), 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$263,046,000 in aggregate principal amount of
Notes.
CSN Resources expects to accept and make payment for all Notes
that at or prior to the Expiration Time were validly tendered on
January 31, 2020.
Holders of Notes who validly tendered their Notes at or prior to
the Expiration Time are eligible to receive US$1,020 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 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
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These
statements are statements that are not historical facts, and are
based on management's current view and estimates of future economic
circumstances, industry conditions, company performance and
financial results. The words "anticipates," "believes,"
"estimates," "expects," "plans" and similar expressions, as they
relate to the company, are intended to identify forward-looking
statements. Statements regarding the declaration or payment of
dividends, the implementation of principal operating and financing
strategies and capital expenditure plans, the direction of future
operations and the factors or trends affecting financial condition,
liquidity or results of operations are examples of forward-looking
statements. Such statements reflect the current views of management
and are subject to a number of risks and uncertainties. There is no
guarantee that the expected events, trends or results will actually
occur. The statements are based on many assumptions and factors,
including general economic and market conditions, industry
conditions and operating factors. Any changes in these assumptions
or factors could cause actual results to differ materially from
current expectations.
Contact:
Tom Long
tlong@dfking.com
View original
content:http://www.prnewswire.com/news-releases/announcement-of-expiration-of-tender-offer-for-any-and-all-2020-notes-by-csn-resources-sa-300993164.html
SOURCE CSN Resources S.A.