Ternium seals loan in Brazil

Ternium seals loan in Brazil

Loans Debt Structured Finance Brazil Argentina

The Brazilian subsidiary of the Argentine steelmaker Ternium has signed a $500m syndicated pre-export finance facility with eight lenders, LatinFinance has heard. The bookrunners BBVA, BNP Paribas, Bank of America and Crédit Agricole priced the five-year loan at 100bp over Libor and brought four more banks to the deal, according to sources involved in the transaction. MUFG joined as a mandated lead arranger, while Bladex and HSBC came in as arrangers and UniCredit got involved as a participant.

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