JSW Steel USA

Plate Mill Modernisation Project - SACE Covered Loan

Borrower(s)
JSW Steel USA
Industry
Metals and Mining/Ores & alloys
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
United States

Deal Overview

JSW Steel USA has secured long-term ECA-backed financing from two Italian lenders to modernise its $260 million plate mill in Baytown, Texas.The capital raised from Intesa Sanpaolo and Banco BPM is $182 million, of which $70 million is covered by SACE, and the balance is a term loan. The financing...

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Deal Volume
$182m
Financial Close
27/10/2022
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Tranches

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Project Deals

Plate Mill Modernisation Project
$260m
Brownfield
Ores & alloys
North America
North America
United States