Nyrstar: a EUR 273.7 million rights offering to strengthen the balance sheet

05.02.2016

Nyrstar: a EUR 273.7 million rights offering to strengthen the balance sheet

Nyrstar, the global multi–metals business with a market leading position in zinc and lead, organises a EUR 273.7 million rights offering. The rights offering consists of a capital increase through the issuance of new ordinary shares with statutory preferential subscription rights for existing shareholders.

This capital increase is part of the balance sheet strengthening plan that Nyrstar announced on 9 November 2015 and will allow Nyrstar to:

  • improve its ability to access debt markets, address near-term refinancing needs and extend its debt maturity profile;
  • recapitalise the business and increase financial flexibility and liquidity in a challenging near-term commodity price environment; and
  • support the funding of value accretive metals processing projects.  

The transaction will be supported by Urion Holdings (Malta) Ltd., an indirect subsidiary of Trafigura Group Pte. Ltd. and the largest shareholder of Nyrstar with an ownership of 24.64%.

Retail roadshow

The board of directors and the management of Nyrstar will provide further information about the balance sheet strengthening plan during the retail roadshow presentation. KBC kindly invites you to attend this presentation on Tuesday 16 February 2016 at 18h30 at the headquarters of KBC (Havenlaan 2, 1080 Brussels). Please confirm your attendance before 12 February 2016 by registering via the following link: 

https://www.kbcsecurities.com/Invitation.aspx?name=nyrstar

Prospectus

As from the start of the rights offering, the prospectus containing the terms and conditions and a detailed description of the risk factors can be consulted on this website.

More info

  • Prospectus Nyrstar (ENG)
  • FAQ
  • Invitation to the retail roadshow

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