Brazilian slab steelmaker Companhia Siderurgica do Pecem (CSP), a joint venture (JV) between Vale, Posco and Dongkuk, has signed a $1.05 billion credit facility to fund a steel mill, a media report from Proximo said.
The media report did not make it clear if the loan was to fund CSP’s existing slab mill or a new undisclosed project.
CSP reportedly signed a 12-year financing with BNP Paribas, Mizuho, Santander, ING, Societe Generale, KFW IPEX, Credit Agricole and BBVA, which will work as mandated lead arrangers (MLAs).