Companhia Siderúrgica Nacional (CSNA3) approved, at a board of directors’ meeting held on Thursday, July 30, 2026, the execution by its subsidiary CSN Inova Ventures of an exchange offer for notes maturing in 2028 and bearing interest of 6.750% per year for new notes maturing in 2030, accompanied by a cash payment to holders who participate in the offer.
According to CSN, the transaction also includes a request to amend certain provisions of the indenture governing the existing notes. The exchange offer and consent solicitation will be carried out in the international market.
The company reported that the terms and conditions of the exchange offer and the consent solicitation, including amounts, compensation, deadlines and conditions precedent, were disclosed in a material fact published on the same date.
