Milbank Advises Companhia Siderúrgica Nacional on US$1.2 Billion Senior Secured Syndicated Credit Facility

Milbank LLP advised Companhia Siderúrgica Nacional (CSN) and its subsidiaries in connection with a new senior secured syndicated credit facility. The transaction comprises an inaugural US$1.2 billion senior secured syndicated credit facility, with the total amount subject to increase by up to an additional US$200 million. The facility was arranged with a lending syndicate led by Morgan Stanley and including Citicorp, Crédit Agricole, HSBC Bank USA, HSBC Mexico, Banco XP Cayman Branch, BNP Paribas, Banco do Brasil New York Branch and Banco Bradesco New York Branch. The loan matures in 2031 and is secured by CSN’s equity interests in CSN Cimentos and CSN’s European subsidiaries. CSN is one of Brazil’s largest integrated steel and mining conglomerates. Milbank LLP represented Companhia Siderúrgica Nacional (CSN) and its subsidiaries with a team composed by: Tobias Stirnberg, Corporate Finance and Securities partner; Ana Bueno, Global Project, Energy and Infrastructure Finance associate; Elora Farias, Corporate Finance and Securities associate; Maria Rafaela Nunes, international attorney; Andrew Walker, Tax partner; Dr. Thomas Ingenhoven, LL.M, Banking and Leveraged Finance partner; Dr. Gerrit Merkel, M.A., special counsel; Joel Cavanaugh, Alternative Investments special counsel; Robin Braun, LL.M., Banking and Leveraged Finance associate; and Wenyie Hua, Tax associate.

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Milbank Advises Companhia Siderúrgica Nacional on US$1.2 Billion Senior Secured Syndicated Credit Facility

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Milbank Advises Companhia Siderúrgica Nacional on US$1.2 Billion Senior Secured Syndicated Credit Facility

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