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Ternium secures $1 billion loan for Mexican entity

Monday, 02 July 2018 23:28:09 (GMT+3)   |   San Diego
       

According to press reports, Ternium has secured a $1 billion loan to fund its operations in Mexico. Ternium México S.A. de C.V. obtained the syndicated loan from BBVA Bancomer, BNP Paribas, Crédit Agricole Corporate e Investment Bank, J.P. Morgan Chase Bank and Natixis (NY). Proceeds will reportedly be used to pay existing debts and general corporate purposes.

Ternium Mexico S.A. de C.V. offers hot rollers, cold rollers, galvanized steel lines, and cutting and shaping lines.

In September 2017, the Luxembourg steel company Ternium obtained a $1.5 billion loan to fund its acquisition of Brazilian steel producer CSA Siderúrgica do Atlântico.


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