BELO
HORIZONTE, Brazil, Jan. 23,
2025 /PRNewswire/ -- Usinas Siderúrgicas de
Minas Gerais S.A. – Usiminas (the "Offeror"), a corporation
(sociedade por ações) organized under the laws of
Brazil, announces that its cash
tender offer (the "Tender Offer"), on behalf of the Issuer (as
defined below) for any and all outstanding 5.875% senior
notes due 2026 (the "Notes"), issued by Usiminas
International S.à r.l. (the "Issuer"), a private limited liability
company (société à responsabilité limitée) organized under
the laws of Luxembourg, having its
registered office at 412F Route d'Esch, 1471 Luxembourg, Grand
Duchy of Luxembourg, and
registered with the Luxembourg Register of Commerce and Companies
under number B112737, 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$224,068,000 in aggregate principal amount of
Notes. The Notes are fully, unconditionally and irrevocably
guaranteed by the Offeror. The Notes are admitted to the Official
List of the Luxembourg Stock Exchange and to trading on the
Luxembourg Stock Exchange's Euro MTF market.
The Tender Offer was made by the Offeror on behalf of the
Issuer, upon the terms and subject to the conditions set forth in
an offer to purchase, dated January 16,
2025 (the "Offer to Purchase"). The Offeror informs that the
Financing Condition has been fully satisfied. Any capitalized term
used but not defined in this press release has the respective
meaning set forth in the Offer to Purchase.
The Offeror expects to accept and to cause the Issuer to make
payment for all validly tendered Notes on or about January 28, 2025 (the "Settlement Date").
Holders of Notes who validly tendered their Notes at or prior to
the Expiration Time are eligible to receive US$1,005 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 must be read in conjunction with the Offer to
Purchase. 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.
Important Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements are information of a non-historical
nature or that relate to future events and are subject to risks and
uncertainties. No assurance can be given that the transactions
described in this press release will be consummated or as to the
ultimate terms of any such transactions. The Offeror does not
undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information
or future events or for any other reason.
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SOURCE Usinas Siderúrgicas de Minas Gerais S.A. - Usiminas
