CSN issuance -partners

Several firms act on CSN issue

BMA Advogados have acted as Brazilian advisors to CSN Resources, a corporation organized and existing under the laws of the Grand Duchy of Luxembourg (issuer) and Companhia Siderúrgica Nacional (CSN) in connection with the issuance of US$500 million in 8.875% notes due 2030 by the issuer. The New Notes will be fully and unconditionally guaranteed by CSN.

Cleary Gottlieb represented Bradesco BBI, BTG Pactual, Citigroup, Credit Agricole CIB, J.P. Morgan, Morgan Stanley, Santander and UBS Investment Bank, as initial purchasers.

BMA also acted as Brazilian advisors to the issuer in connection with the tender offer of 7.625% senior unsecured guaranteed notes due 2026 issued by the issuer, on the terms and subject to the conditions set forth in the offer to purchase dated November 29, 2023. The net proceeds of the New Notes were used to acquire the Existing Notes offered in the context of the Offer to Purchase.

BMA Advogados advised CSN and relied on partners Jane Goldman Nusbaum (pictured left), associates Alexandre Lindenberg, Juliana Paiva Franco Netto da Costa and Carolina Goldgrob.

Milbank was international advisor for CSN and relied on partner Tobias Stirnberg (pictured center-left), associate Alexia Raad and Lays Lima Dutra.

Cleary Gottlieb represented the financial advisors and relied on partner Juan Giráldez (pictured center-right), counsel Jonathan Mendes de Oliveira, associate Silvia Fittipaldi, and international lawyer Jean Pontes. Counsel Matthew Brigham and associates Joseph Roy and Victoria Ju advised on tax matters. All lawyers are based in Sao Paulo, except Matthew Brigham and Victoria Ju who are based in New York, and Joseph Roy who is based in San Francisco.

Machado Meyer was Brazilian counsel to the financial advisors and relied on partners Bruno Racy (pictured right), Luís Felipe Gentil, Aline Antonio, Carolina Maronez Barreto, Antonio Mesquita.