- Nexa Resources (NEXA, Financial) announces the redemption of $110.5 million in 5.375% Senior Notes due 2027.
- The redemption date is set for May 23, 2025, with the redemption price calculated as either the full principal amount plus interest or discounted scheduled payments.
- This move reflects Nexa's strong financial strategy, though it requires significant cash outflow.
Nexa Resources S.A. (NEXA) has announced its strategic decision to redeem all outstanding 5.375% Senior Notes due 2027, with a total value of $110,509,000.00. The redemption is officially scheduled for May 23, 2025, providing a clear timeline for stakeholders.
The redemption price will be calculated as the greater of two options: either 100% of the principal amount plus any accrued and unpaid interest, or the sum of the present values of the remaining scheduled payments. These payments are discounted using the Treasury Rate plus 50 basis points, ensuring an accurate reflection of current market conditions.
This proactive financial move by Nexa Resources underlines its robust position and strategic foresight. However, it also necessitates a significant cash outflow, which could affect liquidity in the short term. As a major player in the integrated polymetallic production industry, Nexa continues to leverage its operational strengths and market insights to optimize financial performance.
