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A&O Shearman advises on Gerdau’s USD650 million notes offering and concurrent tender offer

A&O Shearman advises on Gerdau’s USD650 million notes offering and concurrent tender offer
A&O Shearman advised the underwriters and dealer managers in connection with Gerdau’s first SEC-registered debt offering of USD650m aggregate principal amount of 5.750% global notes due 2035 issued by Gerdau’s British Virgin Islands finance subsidiary, Gerdau Trade Inc., and concurrent tender offer for its 4.865% bonds due 2027.

Gerdau is one of the world’s largest steel producers in the Americas based on consolidated crude steel production.

The A&O Shearman team that advised Gerdau was led by Capital Markets partner Roberta B. Cherman and included contract attorney Gabriela Laufer, Capital Markets associates Hugo Casella, Marina Correa, and Hunter Steitle, Capital Markets visiting attorneys Giulia Maia Bonadio and Letícia Duek, Tax partner Lorenz Haselberger, and Tax associate Daniel Kachmar.

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