GERDAU S.A. ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER UP TO A MAXIMUM AMOUNT OF U.S.$900,000,000 AGGREGATE CONSIDERATION FOR CERTAIN OF THE OUTSTANDING 7.000% BONDS DUE 2020, 5.750% BONDS DUE 2021, 4.750% BONDS DUE 2023, 5.893% BONDS DUE 2024 AND 4.875% BONDS DUE 2027 São Paulo, Brazil, November 15, 2018 - Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) ("Gerdau" or the "Company") today announced the commencement of an offer to purchase for cash (the "Tender Offer") up to a maximum amount of U.S. $900,000,000 (the "Aggregate Maximum Tender Consideration") (including the Early Tender Payment, if applicable) of the outstanding 7.000% Bonds due...
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