S&P rates Nexa notes BBB-

S&P said it assigned its BBB- issue-level rating to Nexa Resources SA's planned senior unsecured notes with a 10-year maturity. Peru-based Nexa Resources Cajamarquilla SA and Brazil-based Nexa Recursos Minerais SA, which are both unrated and operating subsidiaries of Nexa Resources will guarantee the notes.

The rating aligns with those on Nexa’s outstanding senior unsecured notes.

Nexa Resources plans to use the proceeds to refinance its debt. The company plans to purchase part of the $1.2 billion currently outstanding on the 2027 and 2028 unsecured notes through a tender offer.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.