September 9, 2013
Ternium is preparing a new $800m term loan facility, according to people fa
Ternium is preparing a new $800m term loan facility, according to people familiar with the plans. A 5-year facility is expected, with Natixis among the banks hired to manage. Ternium took out a $700m 5-year amortizing senior unsecured loan in 2012, at Libor+337.5bp, to help fund a purchase of $2.7bn of shares in Brazil’s Usiminas. Santander and Mizuho were joint bookrunners on that deal, with Intesa Sanpaolo, Inbursa and Natixis as MLAs.