Financing ·
Gerdau S.A. and its affiliates entered into a new Senior Unsecured Global Working Capital Credit Agreement with a…
GGBGerdau S.A.
Gerdau S.A. and its affiliates entered into a new Senior Unsecured Global Working Capital Credit Agreement with a total capacity of US$1.125 billion, replacing an existing facility of US$875 million. This transaction represents a 29% increase in total availability for the companies. The five-year credit facility is administered by Crédit Agricole Corporate and Investment Bank and includes participation from nine creditor banks: BBVA, Banco Santander, Bank of America, BNP Paribas, Citibank, CACIB, J.P. Morgan Chase, Mizuho Bank, and Natixis. The new agreement matures in August 2031 with an option to extend for one additional year. Gerdau S.A. operates in the steel manufacturing industry.