CSN Resources S.A.’s $600 Million Notes Offering


Loyens & Loeff, BMA – Barbosa, Müssnich, Aragão, Machado Meyer and Perkins Coie advised on the transaction

CSN Resources S.A., operating as a subsidiary of Companhia Siderúrgica Nacional (CSN), executed its offering of $600 million 7.625% notes due 2026.

BB Securities Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Banco Bradesco BBI S.A., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Natixis Securities Americas LLC acted as underwriters on the offering.

The Bank of New York Mellon acted as trustee on the offering.

Companhia Siderurgica Nacional S.A. (CSN) manufactures iron and steel in Brazil. The Company, led by Benjamin Steinbruch, David Moise Salama and Pedro Gutemberg Quariguasi Netto, operates mines, an integrated steel mill, service centers, ports, and railroads. In 2018 Companhia Siderurgica Nacional recorded $5,72 billion revenues.

Loyens & Loeff advised CSN Resources S.A. and de Companhia Siderúrgica Nacional (CSN) with Cédric Raffoul (Picture), Willem Bon, Peter Adriaansen, Sixtine Auguet and Nadège Le Gouellec.

In Brazil, BMA – Barbosa, Müssnich, Aragão advised CSN Resources S.A. and de Companhia Siderúrgica Nacional (CSN) with Rodolfo Constantino de Tella, Alexandre Lindenberg and Juliana Monnerat Cordeiro.

Machado Meyer advised BB Securities Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Banco Bradesco BBI S.A., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Natixis Securities Americas LLC with Bruno Janikian Racy, José R. Prado, Luís Filipe Gentil Pedro and Natalia Fava De Almeida.

Perkins Coie advised The Bank of New York Mellon with Ronald T. Sarubbi and Nina Varughese.

Involved fees earner: Rodolfo Constantino de Tella – Barbosa, Müssnich & Aragào; Juliana Monnerat Cordeiro – Barbosa, Müssnich & Aragào; Alexandre Roscoe Lindenberg – Barbosa, Müssnich & Aragào; Peter Adriaansen – Loyens & Loeff; Sixtine Auguet – Loyens & Loeff; Willem Bon – Loyens & Loeff; Nadège Le Gouellec – Loyens & Loeff; Cédric Raffoul – Loyens & Loeff; José Prado Jr. – Machado Meyer Advogados; Natalia Fava De Almeida – Machado Meyer Advogados; Luis Filipe Gentil Pedro – Machado Meyer Advogados; Bruno Janikian Racy – Machado Meyer Advogados; Ronald Sarubbi – Perkins Coie; Nina Varughese – Perkins Coie;

Law Firms: Barbosa, Müssnich & Aragào; Loyens & Loeff; Machado Meyer Advogados; Perkins Coie;

Clients: Banco Bradesco BBI S.A.; Bank of New York Mellon; BB Securities Ltd; Companhia Siderurgica Nacional S.A. (CSN) ; JP Morgan Securities; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; Natixis Securities Americas;