An update from Nexa Resources SA ( (NEXA) ) is now available.
Nexa Resources S.A. announced the pricing of a US$500 million offering of 6.600% senior unsecured notes due in 2037. The proceeds from this offering will primarily be used to fund a cash tender offer for existing notes due in 2027 and 2028, with any remaining funds allocated for general corporate purposes. This strategic financial move is expected to enhance Nexa’s liability management and strengthen its financial position in the industry.
More about Nexa Resources SA
Nexa Resources is a large-scale, low-cost, integrated polymetallic producer, primarily focusing on zinc. With over 65 years of experience, the company operates multiple mining and smelting assets across Latin America, including four underground polymetallic mines and one open-pit mine in Peru and Brazil. Nexa is recognized as one of the top five producers of mined and metallic zinc globally.
YTD Price Performance: -13.89%
Average Trading Volume: 37,358
Technical Sentiment Signal: Buy
Current Market Cap: $821.1M
For a thorough assessment of NEXA stock, go to TipRanks’ Stock Analysis page.