Metalurgica Gerdau replaces USD 875 million facility with USD 1.125 billion global credit line - GGB News | RalliesMetalurgica Gerdau replaces USD 875 million facility with USD 1.125 billion global credit line
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GGB• Terms and lenders
- The facility has a five-year term with maturity expected in late August 2031.
- It includes an extension option of up to one year.
- Crédit Agricole CIB will administer the facility with nine lenders, including BBVA, Santander, Bank of America, BNP Paribas, and Citibank.
New global working capital credit agreement
- Metalúrgica Gerdau joined Gerdau and affiliates in a Senior Unsecured Global Working Capital Credit Agreement for USD 1.125 billion.
- The new facility replaces a fully available, undrawn USD 875 million line, lifting total availability by about 29%.
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