November 10, 2022
Brazilian steelmaker Usiminas said it intends to raise up to BRL1.5 billion ($291 million) in a three-part debenture sale in the local market next month, according to securities filings.
Usiminas plans to issue at least BRL1.3 billion in a restricted offering under Rule 476, but it could increase the size of the deal to meet demand, it said in a filing on Tuesday. It added that it plans to use the proceeds to redeem debentures that mature in September 2025.
The Belo Horizonte-based steel company
Brazilian steelmaker plans to raise $290 mln to redeem debentures that mature in 2025