Steelmaker Gets Respite on $2.3 Billion Credit Talks, BNDES Says

  • Brazil’s Usiminas given an additional 60 days, state bank says
  • Embattled company’s debt payments had been halted until Friday

Embattled Brazilian steelmaker Usiminas has been given an extra 60 days to renegotiate terms for about 7.4 billion reais ($2.3 billion) of debt with its creditors, state development bank BNDES said.

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