Gerdau replaces US$ 875 million credit line with US$ 1.125 billion facility
Gerdau said it will replace its US$ 875 million global revolving credit line with a new US$ 1.125 billion facility, with a five-year term maturing at the end of August 2031, extendable by up to one year, per Money Times and InfoMoney. The unsecured line covers Gerdau, Gerdau Aços Longos, Gerdau Açominas, Gerdau Ameristeel and overseas affiliates.