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Delayed Bolsa de Valores de Sao Paulo  -  05/26 12:44:34 pm EDT
29.01 BRL   +0.35%
05/17GERDAU S.A. : Ex-dividend day for
05/09GERDAU S A : Apresentação Institucional - Maio*
05/09GERDAU S A : Investor Presentation - May
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Gerdau S.A. Announces Final Results of the Cash Tender Offer for Certain of the Outstanding 4.750% Bonds Due 2023, 5.893% Bonds Due 2024 and 4.875% Bonds Due 2027

12/07/2021 | 12:30pm EDT

Gerdau S.A. (“Gerdau” or the “Company”) hereby announces the final results of the previously announced offer by the Company to purchase for cash (the “Tender Offer”) up to a maximum tender consideration of U.S. $500,000,000 of certain of the outstanding 4.750% Bonds due 2023 (the “2023 Bonds”) issued by issued by Gerdau Trade Inc. (“GTI”), 5.893% Bonds due 2024 (the “2024 Bonds”) issued jointly by Gerdau Holdings Inc. (“GHI”) and GTL Trade Finance Inc., (“GTL”) and the 4.875% Bonds due 2027 (the “2027 Bonds”, and together with the 2023 Bonds and the 2024 Bonds, the “Bonds” and each, a “series” of Bonds) issued by GTI (GTI, GHI and GTL, collectively, the “Offerors”). The Tender Offer was made pursuant to the offer to purchase dated November 4, 2021 (the “Offer to Purchase”). Capitalized terms used but not defined in this press release shall have the meanings assigned to them in the Offer to Purchase. Gerdau will deliver cash with respect to such validly tendered and accepted Bonds on December 7, 2021. On the Final Settlement Date, eligible holders of Bonds that were validly tendered in the Tender Offer after the Early Tender Date but before the Expiration Date, and whose Bonds were accepted for purchase, will be entitled to receive the tender consideration for the Bonds of each series (the “Tender Offer Consideration”) as determined in the manner described in the Offer to Purchase by reference to the applicable fixed spread specified for such series on the table above over the yield based on the bid-side price of the applicable U.S. Treasury Security specified for such series on the table above, as calculated by the Dealer Managers (as defined in the Offer to Purchase) at 10:00 a.m., New York City time, on November 18, 2021 (subject to certain exceptions set forth in the Offer to Purchase) for each U.S.$1,000 principal amount of the Bonds. In addition, such eligible holders will be entitled to receive a cash payment equal to the accrued and unpaid interest on such Bonds up to, but not including, the Final Settlement Date. Gerdau and the Offerors previously accepted and cancelled on the Early Settlement Date Bonds in the following principal amounts: (i) $89,726,000 in 2023 Bonds, (ii) $152,717,000 in 2024 Bonds and (iii) $146,795,000 in 2027 Bonds. Payment for such Bonds was delivered on the Early Settlement Date, November 22, 2021. The Tender Offer expired at 11:59 p.m. New York City time, on December 3, 2021.

© S&P Capital IQ 2021
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Analyst Recommendations on GERDAU S.A.
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Sales 2022 81 513 M 16 840 M 16 840 M
Net income 2022 12 036 M 2 487 M 2 487 M
Net Debt 2022 3 266 M 675 M 675 M
P/E ratio 2022 4,02x
Yield 2022 7,00%
Capitalization 45 867 M 9 583 M 9 476 M
EV / Sales 2022 0,60x
EV / Sales 2023 0,59x
Nbr of Employees 30 000
Free-Float 35,1%
Duration : Period :
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Technical analysis trends GERDAU S.A.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 13
Last Close Price 28,91 BRL
Average target price 38,35 BRL
Spread / Average Target 32,6%
EPS Revisions
Managers and Directors
Gustavo Werneck da Cunha Chief Executive Officer & Director
Rafael Dorneles Japur Executive Vice President-Finance
Guilherme Chagas Gerdau Johannpeter Chairman
André Bier Gerdau Johannpeter Co-Vice Chairman
Claudio Gerdau Johannpeter Co-Vice Chairman
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