Usimina R$7 billion debt restructuring

Overview:

• Steelmaker Usinas Siderúrgicas de Minas Gerais has restructured R$7 billion of its debt through agreements with various Japanese and Brazilian lenders.
• Japan Bank for International Cooperation, The Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank, and Sumitomo Mitsui Banking Corporation acted as Japanese lenders.
• Banco do Brasil,  Bradesco and Itaú Unibanco acted as Brazilian lenders. 
• Nishimura & Asahi  (Maya Ito, Mihoko Shima, Nathan Schmidt) and Veirano Advogados (Ricardo Veirano, Gustavo Moraes, Marcelo Shima) advised the Japanese lenders.
• Machado Meyer Sendacz Opice Advogados (Renato Maggio, Bruno Racy) advised the Brazilian lenders and debenture holders. 
• Skadden Arps Slate Meagher & Flom (Filipe Areno) and Ulhôa Canto Rezende Guerra Advogados (Daniel Soares, Fabricio Bandeira) advised the borrower.

Rani Mehta - Journalist - Latin America