February 26, 2020 |
The Peruvian subsidiary of the Brazilian mining company Nexa Resources said on Monday evening that it agreed to repurchase $214 million in 4.625% 2023 notes as part of a buyback that expired that day.
Last week, the company company offered to pay bondholders $1,067.50 for every $1,000 in principal for any and all of its 2023 notes. Bondholders responded by tendering 62.4% of the $343 million in outstanding notes, Nexa said in a press release.
Nexa used cash on hand to pay for the buyback, rather
Brazilian mining company's business in Peru agrees to repurchase 62% of its 2023 notes