Gerdau replaces USD 875 million credit facility with USD 1.125 billion five-year global working capital line
GGB•Gerdau expands global working capital facility
Gerdau entered a Senior Unsecured Global Working Capital Credit Agreement, replacing its existing undrawn USD 875 million global facility.
- New revolving credit line totals USD 1.125 billion, lifting available committed liquidity by about 29%.
- Facility runs five years with maturity expected in late August 2031, extendable by up to one year.
- Crédit Agricole CIB will administer the facility with nine banks providing commitments.
