CSN Mineração’s R$1.4 Billion IPO

February 19, 2021

Cleary Gottlieb represented Bradesco, BTG Pactual, BofA, Citigroup, Fibra, Jefferies, JP Morgan, Morgan Stanley, Safra, Santander, UBS, and XP, as international placement agents, in the initial public offering of CSN Mineração S.A.

The offering launched on January 22, priced on February 12, and closed on February 19, 2021.

The offering raised approximately R$1.4 billion in net proceeds. The offering was registered before the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM), and the shares were offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.

CSN Mineração is a Brazilian mining company that supplies iron ore to customers within and outside Brazil, with integrated mining, rail, and port operations.