Brazil's Usiminas says board approved debt renegotiation deal
BRASILIA, June 23 (Reuters) - Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA on Thursday said its board unanimously approved the terms of a debt renegotiation deal with banks and bondholders.
Usiminas added in a statement that state development bank BNDES agreed with the terms of the deal. Usiminas, Brazil's largest listed flat steelmaker, will refinance about 5.4 billion reais ($1.6 billion) in loans and local notes as it seeks to overcome a deep crisis. (Reporting by Silvio Cascione)
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