Reuters logo
Brazil's Usiminas may seek 1.15 bln reais in fresh financing
May 26, 2014 / 8:20 PM / 3 years ago

Brazil's Usiminas may seek 1.15 bln reais in fresh financing

SAO PAULO, May 26 (Reuters) - The board of Brazilian steelmaker Usinas Siderúrgicas of Minas Gerais SA approved on Monday a plan to raise a combined 1.150 billion reais ($518 million) in fresh financing, according to a securities filing.

Usiminas, as Brazil’s No. 1 listed producer of flat steel is commonly known, will be allowed to obtain 850 million reais in financing, and an additional 350 million reais from a revolving credit facility, the filing said, without elaborating. The board also authorized management to hire financial advisors and banks. (Reporting by Guillermo Parra-Bernal and Alberto Alerigi Jr; Editing by Diane Craft)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below