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Confab Board Approves $350 Million Financing From HSBC Bank USA

Confab Industrial SA (CNFB4) said its board gave approval for the company to get $350 million in five-year financing from HSBC Bank USA. Confab will use the money to acquire 25 million common shares from Usinas Siderurgicas de Minas Gerais SA (USIM5), according to a regulatory filing.

To contact the reporter on this story: Fabiola Moura in New York at fdemoura@bloomberg.net

To contact the editor responsible for this story: Adriana Chiarini at achiarini4@bloomberg.net

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