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____
MATERIAL FACT
Publicly Held Company
COMPANHIA SIDERÚRGICA NACIONAL
Corporate Taxpayer’s ID (CNPJ): 33.042.730/0001-04
COMPANHIA SIDERÚRGICA NACIONAL (“Company”), in compliance with Article 157, Paragraph 4 of Law 6404/76 and Instruction 358/02 issued by the Securities and Exchange Commission of Brazil (“CVM”), hereby informs its shareholders and the market that its Board of Directors approved 7th (seventh) public issue of non-convertible unsecured debentures in a single series ("Debentures"), for public distribution with restricted placement efforts, in accordance with CVM Instruction 476 of January 16, 2009 (“Restricted Offering”). The transaction comprises the issuance of 40,000 Debentures, with a nominal unit value of R$10,000.00, totaling R$400,000,000.00, with the last installment maturing on March 28, 2021. The Debentures was registered for distribution in the primary market and for trading in the secondary market through the Securities Distribution Module ("SDT") and the National Debentures Module ("SND"), respectively, both managed and operated by CETIP S.A. – Mercados Organizados (“CETIP”), respecting the prohibition on trading for a period of ninety (90) days, pursuant to article 13 of CVM Instruction 476/09, and with distribution and trading settled by CETIP, where the Debentures will be held in custody electronically.
The Company additionally informs that on the present date all Debentures were subscribed and paid in, and the net proceeds raised by the Company through the Issue and the Restricted Offering, following deduction of the expected discounts, the distribution commissions and the estimated expenses to be paid by the Company, will be used to partially settle the 1st amortization installment of the Company’s 6th debenture issue, due on March 30, 2014.
São Paulo, March 28, 2014.
Companhia Siderúrgica Nacional
David Moise Salama
Investor Relations Executive Officer
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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/ David Moise Salama
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David Moise Salama
Investor Relations Executive 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.