Nexa Resources to price 10-year guaranteed dollar notes

By William Gullotti and Cristal Cody

Buffalo, N.Y., April 2 – Nexa Resources SA plans be in the primary market with an issue of dollar-denominated 10-year guaranteed senior notes (BBB-/BBB-) guaranteed by Peru-based Nexa Resources Cajamarquilla SA and Brazil-based Nexa Recursos Minerais SA, according to information provided by a market source.

The company started fixed-income investor calls and a gave a roadshow presentation on Monday for the upcoming Rule 144A and Regulation S offering.

BBVA, Citigroup, HSBC, JPMorgan, Mizuho, MUFG, Santander and Scotia are leading the sale.

As previously reported, Nexa intends to use the proceeds primarily to fund a cash tender offer to purchase a part of its $1.2 billion outstanding notes due 2027 and 2028 and the remainder, if any, for general corporate purposes, including liability management transactions.

Luxembourg-based Nexa is a zinc producer developing and operating mining and smelting assets in Latin America.

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