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Nexi and ABN ensure untied success
15 March 2005
Through 2004 competition for financing mandates for Brazilian corporates reached new heights. With this deal, closed in December by ABN Amro (ABN), it was the first time that a European bank acted as sole lead arranger on a Nexi untied loan for a Brazilian borrower.
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Deals of the Year
Nexi and ABN ensure untied success
Gerdau Açominas - export credit financing
Lead arranger: ABN AMRO
Borrower: Gerdau Açominas
Amount: $240 million
Tenor: 7 years
ECA: Nexi
Law firms: Allen & Overy (lenders and Nexi)
Pinheiro Neto Advogados (lenders and Nexi)
Through 2004 competition for financing mandates for Brazilian corporates reached new heights. With this deal, closed in December by ABN Amro (ABN), it was the first time that a European bank acted as sole lead arranger on a Nexi untied loan for a Brazilian borrower. It was also the first long-term untied Nexi loan without additional guarantees, and one of the largest Nexi untied loans for Brazil in 2004.
Under the deal, ABN successfully arranged a $240...
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