MMX finalizes supplementary financing contract for Sudeste Superport
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CNPJ/MF: 02.762.115/0001-49
NIRE: 3330026111-7
(Publicly Listed Company)
Notice to the Market
MMX finalizes supplementary financing contract for Sudeste Superport
MMX Mineração e Metálicos S.A. (“MMX”), the only Brazilian iron ore mining company with integrated logistics listed on the Novo Mercado segment of BM&FBovespa, in compliance with article 157 of law No. 6,404/76 and Instruction No. 358/02 of the Brazilian Securities Commission ("CVM"), hereby informs its shareholders and the market in general that MMX has concluded with the National Social and Economic Development Bank (BNDES) the final stage of the contracting process of long term supplementary financing for the Sudeste Superport.
The total amount of this supplementary financing, under FINEM structure, is approximately R$ 935 million, with a final maturity date of 10 years, as from January 2013, which already considers the 12-month grace period for payment of interest and principal. After the grace period, interest payments and amortization of principal will be monthly. MMX estimates that the first drawdown will occur during the second quarter of 2013, after completing all the steps for formalization and perfection of guarantees. This disbursement will allow MMX to lengthen a significant portion of its short-term debt.
This contracting represents another important milestone in the Sudeste Superport project, for which start-up of operations is scheduled for December 2013. The start-up of operations at the Sudeste Superport is a priority focus of MMX’s board of officers. Long-term access to a proper infrastructure for export will allow MMX to be an efficient and competitive player in the seaborne iron ore market, with better margins and a more robust capital structure.
Rio de Janeiro, April 18th, 2013.
Carlos Gonzalez
CEO and Investor Relations Officer
MMX Mineração e Metálicos S.A.
About MMX:
MMX, the iron ore company in entrepreneur Eike Batista’s EBX Group, was established in 2005. With two systems in operation – the Sudeste System, in Minas Gerais, and the Corumbá System, in Mato Grosso do Sul – MMX has installed capacity capable of producing 10.8 million tons of iron ore per year. MMX is also present in Rio de Janeiro, with the Sudeste Superport, which is being built in Sepetiba Bay. The company also has iron ore extraction rights in Bom Sucesso (MG). The company's goal is to expand the installed capacity of the Serra Azul Unit (MG) to 29 million tons of iron ore per year. For more information visit:
Investors: Adriana Marques +55 21 2163 6197
                  Daniella Maia +55 21 2163 4366
Press: Rachel Porfirio + 55 31 3516 7512
            Juliana Campos + 55 31 3516 7542
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