Financing ·
Companhia Siderúrgica Nacional (CSN) announced the final results of a private exchange offer for its subsidiary CSN…
SIDNational Steel Co
Companhia Siderúrgica Nacional (CSN) announced the final results of a private exchange offer for its subsidiary CSN Inova Ventures’ outstanding 6.750% Senior Notes due 2028. The minimum participation condition was satisfied, with US$1,007,324,000 in notes tendered, representing 77.49% of the outstanding principal amount of US$1.3 billion. Holders will receive an exchange consideration consisting of US$253.85 in cash and US$746.15 in aggregate principal amount of new 11.000% Senior Notes due 2030 for each US$1,000 tendered. The issuer expects to issue approximately US$698.3 million in new notes and pay approximately US$255.7 million in cash consideration on the settlement date of August 12, 2026. CSN operates in the steel industry.