2014.04.09 - Comunicado Bond Gerdau 30 anos - Eng NOTICE TO THE MARKET Gerdau S.A. issues US$ 500 million 7.250% bonds due 2044 through its subsidiary GTL Trade Finance Inc. Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) announces that it has launched and priced, on April 9, 2014, thirty-year bonds in the international capital markets through its wholly-owned subsidiary GTL Trade Finance Inc. The bonds will be unconditionally and irrevocably guaranteed by Gerdau S.A., Gerdau Açominas S.A., Gerdau Aços Longos S.A. and Gerdau Aços Especiais S.A.

Final terms and conditions:

Issuer GTL Trade Finance Inc. Guarantors Gerdau S.A., Gerdau Açominas S.A., Gerdau Aços Longos S.A. and Gerdau

Aços Especiais S.A.

Ratings Moddy's: Baa3 (Stable) / S&P: BBB- (Stable) / Fitch: BBB- (Stable) Principal Amount US$ 500,000,000 Format Rule 144A / Reg S Trade Date April 9, 2014 Settlement Date April 16, 2014 (T+5) Maturity April 16, 2044 Interest Payment Dates April 16 and October 16, commencing October 16, 2014 Coupon 7.250%, semi-annual in arrears; 30/360 count basis Clearing The Depository Trust Company (DTC) / Euroclear / Clearstream Listing Luxembourg Stock Exchange (Euro MTF)

The geographic distribution of the offering is as follows: 71% United States; 21% Europe, Middle East and Africa; 7% Latin America; and 1% Asia-Pacific. The majority of buyers of the bonds were Fund Managers, Private Banks, Insurance Companies and banks. The net proceeds from the offering will be used to refinance the Company's indebtedness and for general corporate purposes.
This notice shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the bonds in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The bonds will be offered to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons in offshore transactions outside the United States in accordance with Regulation S thereunder. The bonds have not been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements.
Rio de Janeiro, April 10, 2014. Andre Pires de Oliveira Dias
Executive Vice President
Director of Investor Relations

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