Brazilian steelmaker says a debt exchange is not “advantageous” in current market conditions
Tag: Usiminas
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Usiminas advances LM trade
Brazilian steelmaker concludes liability management exercise after getting bondholder consent
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Usiminas disputes Sumitomo veto of capital reduction
Brazilian miner plans to use $311m in capital from a subsidiary as part of a wider debt renegotiation
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Usiminas extends covenant waiver again
Brazilian steelmaker gives its 2018 bondholders until January 12 to approve its domestic debt
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Usiminas extends covenant waiver for 2018 bonds
Brazilian steelmaker pushes deadline for bondholder consent to December 23
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Usiminas plots debt exchange for 2018 bonds
Brazilian steelmaker pledges steel mills as collateral for the outstanding $179m it has in 2018 notes
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Fitch, S&P revise Usiminas after debt renegotiation
Rating agencies offer contrasting thoughts following the Brazilian steelmaker’s $2bn debt renegotiation
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Usiminas reaches debt renegotiation agreement
Brazilian steelmaker will give its creditors acces to $220m in cash from its mining division Musa
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Usiminas extends standstill with creditors
Brazilian steelmaker’s shareholders also approve capital increase as part of the agreement
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Usiminas hits equity target
Brazilian steelmaker’s second round of capital raising sees it hit the BRL1bn target