11:43 AM EDT, 04/01/2024 (MT Newswires) -- Nexa Resources ( NEXA ) said Monday that it plans to offer new senior unsecured notes guaranteed by Nexa Resources Cajamarquilla and Nexa Recursos Minerais.

Net proceeds will mainly be used to fund a cash tender offer for its existing notes due 2027 and notes due 2028, and the remainder for general corporate purposes, the company said.

Separately, the company said it has started for its outstanding 5.375% notes due 2027 and another one for certain of its outstanding 6.500% notes due 2028.

The 2027 tender offer is set to expire at 5 p.m. ET on April 5 and the 2028 tender offer will expire at 5 p.m. ET on April 29, the company added.

Shares of Nexa Resources ( NEXA ) fell nearly 2% in recent trading activity.

Price: 7.05, Change: -0.12, Percent Change: -1.61