UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2022.
Commission File Number 1-15224
Energy Company of Minas Gerais
(Translation of registrant’s name into English)
Avenida Barbacena, 1200
30190-131 Belo Horizonte, Minas Gerais, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
If “Yes” is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): N/A
Index
COMPANHIA ENERGÉTICA DE MINAS GERAIS - CEMIG
CNPJ 17.155.730/0001-64
NIRE 31300040127
CEMIG GERAÇÃO E TRANSMISSÃO
S.A.
CNPJ 06.981.176/0001-58
NIRE 31300020550
NOTICE TO THE MARKET
COMPANHIA
ENERGÉTICA DE MINAS GERAIS – CEMIG (“Cemig”), a
category A publicly listed corporation with its stock traded on the São Paulo, New York and Madrid stock exchanges, and CEMIG
GERAÇÃO E TRANSMISSÃO S.A. – CEMIG-GT, a category B publicly listed corporation and a wholly-owned subsidiary
of Cemig (“Cemig GT”), pursuant to the provisions of Ruling No. 44 issued by the Brazilian Securities Commission (“CVM”)
on August 23, 2021, as amended from time to time, hereby inform their stockholders and the market that Cemig GT has commenced an offer
to purchase for cash (“Tender Offer”) its 9.25% Senior Notes due 2024 in the foreign market up to an aggregate principal
amount of US$ 250,000,000 (the “Notes”).
The Tender Offer will be carried out in accordance
with the terms and conditions set forth in the offer to purchase dated November 28, 2022 (the “Offer to Purchase”). Cemig
GT reserves the right to amend, terminate or withdraw the Tender Offer at its sole discretion, subject to disclosure and other requirements
set forth in applicable law and regulation.
This Notice to the Market is merely informative
and shall not, under any circumstance, be construed as an offer to purchase or solicitation of an offer for the sale of the Notes in any
jurisdiction in which an offer to purchase or solicitation of an offer for a sale is prohibited, in accordance with the securities laws
of any such state or jurisdiction, including Brazil. The Tender Offer will be offered exclusively to foreign investors and shall not be
registered with the CVM or offered in Brazil.
Cemig and Cemig GT reaffirm their commitment to
keep the market timely informed of the subject matter set forth in this Notice to the Market, pursuant to applicable law and regulation.
Any communication to their stockholders and the market relating to the Tender Offer will be made on the applicable websites of CVM (www.cvm.gov.br),
B3 – Brasil, Bolsa, Balcão S.A. (http://www.b3.com.br/pt_br/) and Cemig (http://ri.cemig.com.br/)
Belo Horizonte, November 28, 2022.
Leonardo George de Magalhães
Chief Finance and Investor Relations Officer
CEMIG Geração e Transmissão
S.A. announces cash tender offer for its 9.250% Senior Notes due 2024
Belo Horizonte, Brazil – November 28, 2022 – CEMIG Geração
e Transmissão S.A. (“CEMIG GT”), a wholly-owned subsidiary of Companhia Energética de Minas Gerais
(“CEMIG Holding”), today announced the commencement of an offer to purchase for cash up to the Maximum Amount
(as defined below) of its outstanding 9.250% Senior Notes due 2024 (the “Notes”) issued by CEMIG GT (the “Offer”).
When used in this press release, the terms “we,” “us” and “our” refer collectively to CEMIG GT and
CEMIG Holding, in each case, unless the context otherwise requires.
The Offer is made upon the terms and subject to the conditions set
forth in the offer to purchase dated November 28, 2022 (the “Offer to Purchase”), including, among other things,
the total or partial settlement of CEMIG GT’s ninth issuance of simple debentures, non-convertible into shares, with an additional
fiduciary guarantee from CEMIG Holding, in up to two series, for public distribution with restricted distribution efforts, amounting up
to R$1,000,000,000.00 (one billion reais), which has an estimated settlement on or about December 20, 2022 (the “Financing
Condition”). CEMIG GT, in its sole discretion, may waive the Financing Condition. The Offer is not contingent upon the tender
of any minimum principal amount of Notes, but CEMIG GT will only purchase Notes up to the maximum aggregate principal amount of U.S. $250
million (the “Maximum Amount”). Accordingly, if the Maximum Amount is reached in respect of tenders made on
or prior to the Early Tender Date (as defined below), no Notes that are validly tendered after the Early Tender Date will be accepted
for purchase, even if validly tendered and not validly withdrawn, and any Notes tendered on or prior to the Early Tender Date and accepted
for purchase on the Early Acceptance Date (as defined in the Offer to Purchase) or the Expiration Date (as defined below), if the Early
Settlement Right (as defined below) is not exercised, will be accepted on a prorated basis such that CEMIG GT purchases an aggregate principal
amount of Notes that would not exceed the Maximum Amount in the Offer.
The following table sets forth certain information relating to the Offer.
| Title of Security |
CUSIPs |
ISINs |
Principal
Amount Outstanding |
Maximum
Amount
(3) |
Tender Consideration
(1) |
Early Tender Premium
(1)(2) |
Total Consideration
(1)(2) |
9.25%
Senior Notes due 2024 |
12517M AA0
/ P2205LAC9 |
US12517MAA09
/ USP2205LAC92 |
U.S.$1,000,000,000 |
U.S.$250,000,000 |
U.S.$981.25 |
U.S.$50.00 |
U.S.$1,031.25 |
___________________
| (1) | The amount to be paid for each U.S.$1,000 principal amount of Notes validly tendered and accepted for purchase, excluding Accrued
Interest on the Notes to the applicable Settlement Date (as defined below). |
| (2) | The Total Consideration equals the Tender Consideration plus the Early Tender Premium. |
| (3) | The Maximum Amount equals an aggregate principal amount of Notes of U.S.$250 million. |
Indicative Timetable for the Offer:
| Commencement
of the Offer |
November 28, 2022
|
| |
|
| Withdrawal
Date |
5:00
p.m. (New York City time) on December 9, 2022, unless extended by CEMIG GT in its sole discretion. |
| |
|
| Early Tender
Date |
5:00
p.m. (New York City time) on December 9, 2022, unless extended by CEMIG GT in its sole discretion. |
| |
|
| Early Settlement
Date |
If
CEMIG GT elects to exercise the Early Settlement Right (as defined below), promptly after the acceptance by CEMIG GT for purchase
of the Notes validly tendered before the Early Tender Date and not withdrawn on or prior to the Withdrawal Date (as defined below),
upon satisfaction (or waiver by CEMIG GT) of each and all of the conditions set forth in the Offer to Purchase, including the Financing
Condition. |
| |
|
| |
CEMIG
GT expects that the Early Settlement Date, if any, will be on or about eight Business Days following the Early Tender Date, which
would be on December 21, 2022, unless the Early Tender Date is extended by CEMIG GT in its sole discretion. |
| |
|
| Expiration
Date |
11:59
p.m. (New York City time) on December 23, 2022, unless extended by CEMIG GT in its sole discretion. |
| |
|
| Final Settlement
Date |
Promptly
after the acceptance by CEMIG GT for purchase of the Notes validly tendered and not previously settled on the Early Settlement Date,
if any, and the Notes validly tendered after the Early Tender Date but on or prior to the Expiration Date, if any, upon satisfaction
(or waiver by CEMIG GT) of each and all of the conditions set forth in the Offer to Purchase, including the Financing Condition. |
| |
|
| |
CEMIG
GT expects that the Final Settlement Date will be on or about two Business Days following the Expiration Date, which would be December
28, 2022, unless the Expiration Date is extended by CEMIG GT in its sole discretion. |
The Offer will expire at 11:59 p.m. (New York City time) on December
23, 2022, unless earlier terminated or extended by CEMIG GT (such time and date, as the same may be extended, the “Expiration
Date”).
Holders of Notes who validly tender and do not validly withdraw their
Notes on or prior to 5:00 p.m. (New York City time) on December 9, 2022, unless extended (such time and date, as they may be extended,
the “Early Tender Date”), will be eligible to receive the total consideration of U.S.$1,031.25 per U.S.$1,000
principal amount of Notes tendered (the “Total Consideration”), which includes an early tender premium of U.S.$50.00
per U.S.$1,000 principal amount of Notes validly tendered on or prior to the Early Tender Date and not validly withdrawn on or prior to
the Withdrawal Date (the “Early Tender Premium”). Holders who validly tender and do not validly withdraw their
Notes after the Early Tender Date, but on or prior to the Expiration Date, will be eligible to receive the tender consideration of U.S.$981.25
per U.S.$1,000 principal amount of Notes tendered (the “Tender Consideration”). The Tender Consideration does
not include the Early Tender Premium. Notes tendered may be withdrawn at any time on or prior to 5:00 p.m. (New York City time) on December
9, 2022, unless extended by CEMIG GT in its sole discretion (such time and date, as they may be extended, the “Withdrawal
Date”), but not thereafter.
If any Notes are purchased in the Offer, Notes validly tendered (and
not validly withdrawn) on or prior to the Early Tender Date will be accepted for purchase in priority to any Notes validly tendered in
the Offer after the Early Tender Date. Accordingly, if the Maximum Amount is reached in respect of tenders made on or prior to the Early
Tender Date, no Notes that are validly tendered after the Early Tender Date will be accepted for purchase, and any Notes tendered on or
prior to the Early Tender Date and accepted for purchase on the Early Acceptance Date (or the Expiration Date, if the Early Settlement
Right is not exercised) will be accepted on a prorated basis such that we purchase an aggregate principal amount of Notes that would not
exceed the Maximum Amount in the Offer.
In addition to the applicable Total Consideration and the applicable
Tender Consideration, as applicable, holders whose Notes are accepted for purchase in the Offer will also receive accrued and unpaid interest
(“Accrued Interest”) from, and including, the last interest payment date to, but not including, the Early
Settlement Date or the Final Settlement Date (each, a “Settlement Date”), as applicable.
CEMIG GT reserves the right, but is under no obligation, at any point
following the Early Tender Date and before the Expiration Date, to accept for purchase any Notes validly tendered and not subsequently
withdrawn on or prior to the Early Tender Date (the “Early Settlement Right”). The date of payment for Notes
purchased pursuant to the Early Settlement Right (the “Early Settlement Date”) will be determined at CEMIG GT’s
option and is currently expected to be December 21, 2022, subject to all conditions of the Offer having been either satisfied or waived
by CEMIG GT, including the Financing Condition. All Notes tendered and accepted for purchase that have not been settled on the Early Settlement
Date, if any, will be settled on December 28, 2022, promptly following the Expiration Date. In all cases, the total principal amount of
Notes accepted for purchase by CEMIG GT may be subject to proration based upon the Maximum Amount as described in the Offer to Purchase.
Completion of the Offer is conditioned on the satisfaction or waiver
of certain conditions described in the Offer to Purchase, including the Financing Condition. CEMIG GT has the right, in its sole discretion,
to amend or terminate the Offer at any time, subject to applicable law.
We have retained Banco Bradesco BBI S.A., Goldman Sachs & Co.
LLC, Morgan Stanley & Co. LLC and Santander Investment Securities Inc. to serve as dealer managers and D.F. King & Co., Inc. to
serve as information and tender agent for the Offer. The full details of the Offer, including complete instructions on how to tender Notes,
are included in the Offer to Purchase. Holders of Notes are strongly encouraged to carefully read the Offer to Purchase, including materials
incorporated by reference therein, because they contain important information. Requests for the Offer to Purchase and any related supplements
may also be directed to D.F. King & Co., Inc. by telephone at +1 (212) 269-5550 or +1 (800) 578-5378 (US toll free) or in writing
at cemig@dfking.com. Questions about the Offer may be directed to Banco Bradesco BBI S.A. by telephone at +1 (646) 432-6642, Goldman Sachs
& Co. LLC by telephone at +1 (212) 357-1452 (collect) or +1 (800) 828-3182 (toll free), Morgan Stanley & Co. LLC by telephone
at +1 (800) 624-1808 (toll free) or +1 (212) 761-1057 (collect) and Santander Investment Securities Inc. by telephone at +1 (855) 404-3636
(toll free) or +1 (212) 940-1442 (collect).
This press release shall not constitute an offer to purchase or a solicitation
of acceptance of the offer to purchase, which are being made only pursuant to the terms and conditions contained in the Offer to Purchase.
The Offer is not being made to, nor will CEMIG GT accept tenders of Notes from, holders in any jurisdiction in which the Offer or the
acceptance thereof would not be in compliance with the securities or blue sky laws of such
jurisdiction. In any jurisdiction where the laws require the Offer to be made by a licensed broker or dealer, the Offer will be made by
the dealer managers on behalf of CEMIG GT.
None of CEMIG GT, CEMIG Holding, the information and tender agent,
the dealer managers or the trustee with respect to the Notes, nor any of their respective affiliates, makes any recommendation as to whether
holders should tender or refrain from tendering all or any portion of their Notes in response to the Offer. None of CEMIG GT, CEMIG Holding,
the information and tender agent, the dealer managers or the trustee with respect to the Notes, nor any of their respective affiliates,
has authorized any person to give any information or to make any representation in connection with the Offer other than the information
and representations contained in the Offer to Purchase.
Neither the U.S. Securities and Exchange Commission, any U.S. state
securities commission nor any regulatory authority of any other country has approved or disapproved of the Offer, passed upon the merits
or fairness of the Offer or passed upon the adequacy or accuracy of the disclosure in
the Offer to Purchase.
About CEMIG GT and CEMIG Holding
CEMIG GT is a wholly-owned subsidiary of CEMIG Holding, a state-controlled
mixed capital company domiciled in and controlled by the State of Minas Gerais, Brazil. CEMIG Holding is domiciled in Brazil, whose objects
include, but are not limited to: construction, operation and commercialization of systems for generation, transmission, distribution and
sale of energy, and also activities in the various fields of energy sector and gas distribution, for the purpose of commercial operation,
either directly by CEMIG Holding or by subsidiaries or other companies in which CEMIG Holding is a shareholder.
Forward-Looking Statements
Statements in this press release may be “forward-looking statements,”
which are subject to risks and uncertainties. Other than statements of historical fact, information regarding activities, events and developments
that we expect or anticipate will or may occur in the future are forward-looking statements based on management’s estimates, assumptions
and projections. Many forward-looking statements may be identified by the use of words such as “expect,” “anticipate,”
“intend,” “plan,” “believe, “estimate” and similar expressions. Forward-looking statements contained
in this press release are predictions only and actual results could differ materially from management’s expectations due to a variety
of factors, including those described in the section titled “Risk Factors” in CEMIG Holding’s Annual Report for fiscal
year 2021 on Form 20-F. All forward-looking statements attributable to CEMIG GT or CEMIG Holding are expressly qualified in their entirety
by such risk factors, in each case as applicable. The forward-looking statements that we make in this press release are based on management’s
current views and assumptions regarding future events and speak only as of their dates. We assume no obligation to update developments
of these risk factors or to announce publicly any revisions to any of the forward-looking statements that we make, or to make corrections
to reflect future events or developments, except as required by U.S. federal securities laws.
DISCLAIMER
This press release must be read in conjunction with the Offer to Purchase.
This announcement and the Offer to Purchase contain important information which must be read carefully before any decision is made with
respect to the Offer. If any holder of Notes is in any doubt as to the action it should take, it is recommended to seek its own legal,
tax, accounting and financial advice, including as to any tax consequences, immediately from its stockbroker, bank manager, attorney,
accountant or other independent financial or legal adviser. Any individual or company whose Notes are held on its behalf by a broker,
dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in the Offer.
None of CEMIG GT, CEMIG Holding, the dealer managers, the information and tender agent and any person who controls, or is a director,
officer, employee or agent of such persons, or any affiliate of such persons, makes any recommendation as to whether holders of Notes
should participate in the Offer.
Forward-Looking Statements
This report contains statements about expected future events and financial results
that are forward-looking and subject to risks and uncertainties. Actual results could differ materially from those predicted in such forward-looking
statements. Factors which may cause actual results to differ materially from those discussed herein include those risk factors set forth
in our most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission. CEMIG undertakes no obligation to revise
these forward-looking statements to reflect events or circumstances after the date hereof, and claims the protection of the safe harbor
for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG
|
|
| |
By: /s/ Leonardo George de Magalhães |
|
| |
Name: Leonardo George de Magalhães |
|
| |
Title: Chief Finance and Investor Relations Officer |
|
Date: November 28, 2022
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