tiprankstipranks
Trending News
More News >

Nexa Resources Launches $600M Notes Offering

Nexa Resources Launches $600M Notes Offering

Nexa Resources (NEXA) has released an update.

Nexa Resources has announced the pricing of a $600 million senior unsecured notes offering at 6.750%, maturing in 2034, with the closing expected on April 9, 2024. The proceeds from the sale will primarily facilitate a cash tender offer for the company’s existing notes due in 2027 and 2028, with any remaining funds to be used for general corporate purposes. This offering is targeted at qualified institutional buyers and non-U.S. persons in compliance with respective securities regulations.

For further insights into NEXA stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App