August 19, 2019 |
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.
Argentine steelmaker gets $500m in trade financing from eight lenders