Gerdau Aza S.A.’s $85 Million Loan

Barros & Errázuriz and Garrigues advised on the deal

Gerdau Aza S.A. secured a $85 Million loan from Banco de Chile S.A.

Proceeds will be used to pay existing debts.

Gerdau Aza is part of Brazilian Grupo Gerdau.

Gerdau S.A. manufactures steel. The Company has operations in several countries located in the Americas, Europe and Asia. Gerdau uses the concept of Mini Mill manufacturing process in most of its units, turning scrap into steel. The company, led by Gustavo Werneck Da Cunha, Harley Lorentz Scardoelli and Yuan C Wang, in 2017 recorded $9.5 Billion Revenues.

Barros & Errázuriz advised Gerdau Aza S.A. with Sergio Eguiguren (Picture), Pablo Guerrero, Francisca Ossa and Diego Ovalle.

Garrigues advised Banco de Chile with Pedro García Morales (Picture), Antonio Morales and Felipe Mellado.

 

Involved fees earner: Sergio Eguiguren – Barros & Errázuriz Abogados; Pablo Guerrero – Barros & Errázuriz Abogados; Francisca Ossa – Barros & Errázuriz Abogados; Diego Ovalle – Barros & Errázuriz Abogados; Pedro García Morales – Garrigues; Antonio Morales Mutis – Garrigues;

Law Firms: Barros & Errázuriz Abogados; Garrigues;

Clients: Banco de Chile; Gerdau Aza S.A.;

 

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Author: Ambrogio Visconti.