Brazil’s CSN Secures $1.2 Billion Loan Deal With Banks

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The CSN steel plant in Volta Redonda, Rio de Janeiro state, Brazil.Brazilian conglomerate CSN said a group of banks agreed to extend the company a $1.2 billion loan, easing concerns about its ability to meet near-term debt payments.The credit line is expected to be secured in part by certain assets designated for sale, according to a regulatory filing. The loan can also be increased to $1.4 billion.