On August 9, 2019 (the “Effective Date”), a syndicate of financial institutions arranged by Bank of America, N.A., BBVA Securities Inc., BNP Paribas Securities Corp. and Crédit Agricole Corporate and Investment Bank (also acting in its capacity as Administrative Agent) entered into a US$500,000,000 five-year term senior unsecured term loan agreement (the “Facility”) with Ternium Brasil, a Brazilian subsidiary of Ternium S.A. (“Ternium”), unconditionally guaranteed by Ternium pursuant to a guaranty agreement entered into between Ternium and the Administrative Agent for the benefit of the lenders. The proceeds of the Facility will be used to finance Ternium Brasil’s activities related to its exports of goods. The Facility and the guaranty agreement are governed by New York law.
The Facility constitutes a Pré-pagamento de Exportacão (pre-export finance) in accordance with Brazilian law.