December 2, 2020
Brazilian steelmaker Gerdau said Tuesday that it agreed to repurchase $300 million worth of 2021 and 2024 bonds by the early deadline on November 30.
Gerdau offered on November 16 to buy back up to $230 million in bonds that mature between 2021 and 2027, but it increased the size of the deal and limited to just the 2021 and 2024 notes after investors tendered $550 million worth of outstanding bonds, the company said in a statement.
Gerdau agreed to repurchase $29.1 million worth of 5.75% 2021 bo
Brazilian steelmaker agrees to repurchase $300 mln in 2021 and 2024 notes by the early-bird deadline