The Firm represented BBVA Securities Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., Mizuho Securities USA LLC, Santander US Capital Markets LLC and Scotia Capital (USA) Inc., as initial purchasers, in connection with the offering of US$600 million in aggregate principal amount of 6.750% Senior Unsecured Notes due 2034 by Nexa Resources S.A. (“Nexa”) in reliance upon Rule 144A and Regulation S. Nexa intends to use the proceeds from the offering to fund the repurchase of its existing notes and the remainder, if any, for general corporate purposes, including liability management transactions.
The Firm is also representing BBVA Securities Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and Mizuho Securities USA LLC, as dealer managers, in connection with (i) an any-and-all tender offer for Nexa’s outstanding 5.375% Notes due 2027 and (ii) a capped tender offer for Nexa’s outstanding 6.500% Notes due 2028.
Nexa is a leading large-scale, low-cost integrated zinc producer with over 65 years of experience developing and operating mining and smelting assets in Latin America. It is the fifth largest zinc concentrate and metal producer globally. Nexa operates and owns six long life polymetallic mines, three of which are located in the Central Andes of Peru, two of which are located in the state of Minas Gerais in Brazil and one of which is located in the state of Mato Grosso in Brazil. Its operations encompass large-scale, modern, mechanized underground and open pit mines.
The Simpson Thacher team included Grenfel S. Calheiros, Marcelo B. Lorenzen, Douglas Ogata and Fernão Castro (Capital Markets); and Jonathan Cantor and Sean Largey (Tax).