Gerdau approves guarantee for Gerdau Açominas loan of up to R$ 300 million
GGB•Gerdau will guarantee subsidiary Gerdau Açominas financing of up to R$ 300 million from BNDES under the Brasil Soberano program. The financing has a 60-month term.
1. Guarantee approved
Gerdau's executive board unanimously approved a guarantee for Gerdau Açominas financing of up to R$ 300 million from BNDES under the Brasil Soberano program. The financing has a 60-month term, and directors were authorized to negotiate its terms and assess the transaction's suitability.
