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S&P assigns Nexa notes BB+
S&P said it assigned a BB+ issue-level rating to Nexa Resources SA’s proposed senior unsecured notes of $500 million due 2028. S&P rates Nexa BB+.
Nexa’s operating subsidiaries, Nexa Resources Cajamarquilla SA, Nexa Resources Peru SSA and Nexa Recursos Minerais SA, will guarantee the notes, which will rank pari passu to other unsecured debts.
1 Nexa will use the proceeds to prepay outstanding bank loans and extend its debt maturity profile.
The outlook is stable.
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