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Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
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COMPANHIA SIDERÚRGICA NACIONAL Publicly Held Company
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CSN MINERAÇÃO S.A. Publicly Held Company Corporate Taxpayer 08.902.291/0001-15
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Material Fact
Companhia Siderúrgica Nacional ("CSN”) and CSN Mineração S.A. ("CSN Mineração") (jointly “Companies") inform its shareholders and the market in general that signed, on this date, a Pre-Payment Export Financing Agreement, in the total amount of up to US$ 1.4 billion and a final term of 12 years, with up to US$ 980 million to be granted by JAPAN BANK FOR INTERNATIONAL COOPERATION, and up to US$ 420 million to be granted by a syndicate of banks formed by BNP PARIBAS (acting through its TOKYO BRANCH), CITIBANK, N.A., TOKYO BRANCH, CRÉDIT AGRICOLE CORPORATE & INVESTMENT BANK, TOKYO BRANCH, JPMORGAN CHASE BANK, N.A., TOKYO BRANCH, SUMITOMO MITSUI TRUST BANK, LIMITED, NEW YORK BRANCH and SUMITOMO MITSUI BANKING CORPORATION, secured by Nippon Export and Investment Insurance (“NEXI”), whose coverage will be 97.5% credit risk and 100% political risk. This operation aims to support the Companies in its projects to build a new pellet feed plant (P15) in the Casa de Pedra mine, aiming to ensure the supply of high-quality iron ore to its customers, helping in their decarbonization strategies for the steel sector.
This transaction represents the continuation by the Companies of the strategy to finance their growth using appropriate instruments for long-term projects.
The consummation of this transaction is subject to the fulfillment of usual precedent conditions for this type of operation, including the signing of an offtake agreement with a Japanese customer for part of the volume.
São Paulo, March 30, 2023.
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Marcelo Cunha Ribeiro Executive Director of Investor Relations Companhia Siderúrgica Nacional |
Pedro Barros Mercadante Oliva Investor Relations Officer CSN Mineração S.A.
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COMPANHIA SIDERÚRGICA NACIONAL | |
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By: |
/S/ Benjamin Steinbruch
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Benjamin Steinbruch
Chief Executive Officer | |
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By: |
/S/ Marcelo Cunha Ribeiro
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Marcelo Cunha Ribeiro
Chief Financial and Investor Relations Officer | |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
