trending Market Intelligence /marketintelligence/en/news-insights/trending/cudmpafo943ahtsg-gn3ga2 content esgSubNav
In This List

CSN Resources completes US$350M notes buyback

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


CSN Resources completes US$350M notes buyback

Brazilian steelmaker Cia. Siderúrgica Nacional's subsidiary CSN Resources SA closed its previously announced note buyback, according to a Feb. 15 release.

CSN received tenders for its 6.875% senior unsecured guaranteed notes due 2019 worth approximately US$202.8 million, while for the 6.50% senior unsecured guaranteed notes due 2020 the company received tenders worth approximately US$512.7 million.

Merrill Lynch, Pierce, Fenner & Smith Inc., BB Securities Ltd., Banco Bradesco BBI SA and Morgan Stanley & Co. LLC acted as the dealer managers for the tender offerings.

The company is also looking to reduce its debt by selling off certain assets and is currently engaged in debt restructuring talks with Caixa Econômica Federal.