By Mary-Katherine Stinson
Lexington, Ky., Dec. 1 – Companhia Siderurgica Nacional’s Luxembourg finance subsidiary, CSN Resources SA, priced $500 million of 8 7/8% senior notes due 2030, according to a 6-K filing with the Securities and Exchange Commission.
Proceeds from the Rule 144A and Regulation S offering will be used to purchase notes that are tendered in connection with a concurrent tender offer for any and all its outstanding 7 5/8% senior guaranteed notes due 2026 (Cusips: 12644VAC2, L21779AD2) and for general corporate purposes, including possible liability management transactions.
CSN is a steelmaker based in Sao Paulo.
| Issuer: | CSN Resources SA
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| Guarantor: | Companhia Siderurgica Nacional
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| Amount: | $500 million
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| Issue: | Senior notes
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| Maturity: | 2030
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| Coupon: | 8 7/8%
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| Announcement date: | Nov. 30
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| Distribution: | Rule 144A and Regulation S
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