Gerdau Trade Inc., a subsidiary of Gerdau S.A., announced the expiration and results of its cash tender offer for any and all of its outstanding 4.875% notes due 2027. The offer, which expired on June 9, 2025, saw US$237,646,000 principal amount of notes validly tendered and accepted for purchase. This represents a significant portion of the total US$418,244,000 principal amount originally outstanding.
The consideration paid for the accepted notes was US$1,007.83 per US$1,000 principal amount, in addition to accrued and unpaid interest. Following the settlement, US$180,598,000 principal amount of the 4.875% notes due 2027 will remain outstanding. All conditions for the offer were satisfied, leading to its successful completion.
Settlement of the offer is expected to occur on June 12, 2025. This successful debt repurchase allows Gerdau to reduce its near-term debt obligations and potentially optimize its financing costs. The transaction reflects the company's continued focus on disciplined financial management and capital structure efficiency.
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