Financing agreement signed by CSN Mineração

CSN Mineração, a subsidiary of Companhia Siderúrgica Nacional (CSN), announced recently a financing agreement of export prepayment in the amount of US$ 1,4 billion with a duration of 12 years, according to the Monitor Mercado portal.

This significant investment aims to finance the construction of a new factory and thus generate jobs in the sector.

Participation of Japan Bank and other financial institutions

The statement revealed that Japan Bank will be responsible for providing US$980 million of the total funding amount, while the remainder, up to US$420 million, will be provided by a syndicate of banks comprising BNP Paribas, Citibank, Tokyo Branch, Crédit Agricole. , among other institutions. Financing coverage includes 97,5% credit risk and 100% political risk.

Construction of a new plant and contribution to the decarbonization of the steel sector: CSN Mineração intends to use the financing for the construction of a new pellet feed plant (P15) at the Casa de Pedra mine.

Concrete Objectives of CSN

The objective of this operation is to guarantee the supply of high quality iron ore to customers, supporting them in their strategies to decarbonize the steel sector.

By investing in the construction of factories, CSN Mineração also seeks to finance its growth using suitable instruments for long-term projects.

The completion of this transaction is subject to compliance with the usual conditions precedent for this type of operation, including the signing of an offtake agreement with a Japanese customer for part of the production volume.

The importance of this factory for job creation and strengthening of Minas Gerais

The construction of the new plant by CSN Mineração represents an important step towards strengthening the Brazilian steel sector and creating jobs. The participation of Japan Bank and other financial institutions in the financing demonstrates the confidence in the potential of CSN Mineração and its long-term projects. In addition, the investment in the new pellet feed plant will contribute to the decarbonization of the sector, benefiting customers and the environment.