Usiminas Belo Horizonte

Rua Prof. Jos Vieira de Mendona, 3011

31310-260 Belo Horizonte MG
T 55 31 3499-8000
F 55 31 3499-8899
www.usiminas.com

USINAS SIDERRGICAS DE MINAS GERAIS S.A. USIMINAS

Publicly Traded Company
CNPJ/MF 60.894.730/0001-05
NIRE 313.000.1360-0
MATERIAL FACT
Usinas Siderrgicas de Minas Gerais S.A. USIMINAS (Usiminas or Companhia), in
complement to the Material Fact dated March 17, 2016, hereby informs to its shareholders
and the market in general that the Company has executed the following documents:
(i)
document dated June 14, 2016, titled Binding Terms and Conditions for the
Restructuring of the Financial Transactions of Usinas Siderrgicas de Minas Gerais S.A.
USIMINAS (Termos e Condies Vinculantes Para a Renegociao de Operaes Financeiras
da Usinas Siderrgicas de Minas Gerais S.A. Usiminas) (the Brazilian Banks Term Sheet)
with the Brazilian Banks (as defined below), which formalizes the understandings between
the Company and Banco do Brasil S.A., Banco Bradesco S.A. and Ita Unibanco S.A. (jointly,
the Brazilian Banks), as well as with Banco Nacional de Desenvolvimento Econmico e
Social BNDES (BNDES), in relation to the restructuring process of the debts of the
Company before the Brazilian Banks and BNDES. The adhesion of BNDES to the Brazilian
Banks Term Sheet is currently being concluded through the internal approvals of BNDES;
and
(ii)
document dated as of this date titled Binding Terms and Conditions for the
Restructuring of Debentures of Usinas Siderrgicas de Minas Gerais S.A. USIMINAS
(Termos e Condies Vinculantes Para a Repactuao de Debntures da Usinas Siderrgicas
de Minas Gerais S.A. Usiminas) (the Debentures Holders Term Sheet) with Pentgono
S.A. Distribuidora de Ttulos e Valores Mobilirios, in its quality of fiduciary agent and
representative of the debentures holders (the Debentures Holders) of the debentures
issued by Usiminas pursuant to the Private Deed of the 6 th Public Issuance of Simple
Debentures of the Company, for Distribution with Limited Placement Efforts, Non-Convertible
into Shares and Without Security Guarantee, executed on January 21, 2013, as amended,
which formalizes the understandings between the Company and the Debenture Holders. The
execution of the Debentures Holders Term Sheet was approved in the General Debentures
Holders Meeting held in this date.
The purpose of the Brazilian Banks Term Sheet and the Debentures Holders Term Sheet
(jointly, the Term Sheets) is to define certain conditions to the restructuring of the debts of
Usiminas before the Brazilian Banks and BNDES and before the Debentures Holders,
respectively, which currently amounts to approximately 75% of the total debts of Usiminas
under restructuring. The conditions set forth in the Term Sheets must be included in the final
restructuring documents to be executed by the parties (the Restructuring Documents).
In accordance with the Term Sheets, the Restructuring Documents must provide for, among
other conditions: (i) a total term of ten (10) years for the payment of the debts of the
Company before the Brazilian Banks, BNDES and the Debentures Holders, starting on the
date of execution of the Restructuring Documents; and (ii) a grace period of three (3) years
for the beginning of payment of the principal, starting on the date of execution of the
Restructuring Documents.
The commitment of the Brazilian Banks, BNDES and Debentures Holders to implement the
restructuring of the debts of the Company pursuant to the conditions set forth in the Term
Sheets is subject to certain conditions precedent.
The Terms Sheets will no longer be in effect if, among other events, the ratification of the
capital increase approved in the Extraordinary General Meeting of April 18, 2016, of the
Company, in the amount of R$ 1,000,000,000.00 (one billion reais) does not occur until July
22, 2016, upon the effective and full capital contribution in the Company, in funds
immediately available.

Usiminas Belo Horizonte

Rua Prof. Jos Vieira de Mendona, 3011
31310-260 Belo Horizonte MG
T 55 31 3499-8000
F 55 31 3499-8899
www.usiminas.com

The execution of the Term Sheets has been approved by the Management Board and the
effectiveness of the Term Sheets is subject to the approval of the Board of Directors of
Usiminas.
Usiminas will inform the market about any new information in respect to the subject matter
of this Material Fact.
Belo Horizonte, June 15, 2016.
Ronald Seckelmann
Finance and Investor Relataions Vice President