Gerdau backs Gerdau Açominas’ BNDES loan of up to R$ 300 million under Brasil Soberano program
GGB•Loan size and tenor
The facility size is set at up to BRL 300 million under the Programa Brasil Soberano. The total tenor is set at 60 months.
Management to negotiate terms
Management was mandated to negotiate the terms within the company’s representation rules.
Gerdau authorizes guarantee for subsidiary loan
Gerdau’s executive board authorized a corporate guarantee tied to a BNDES loan for subsidiary Gerdau Açominas.
