Arias, Fábrega & Fábrega acted as counsel to Steelchem Trading Corporation, as co-borrower, in connection with a US$1,000,000,000.00 senior unsecured global working capital credit agreement to the Gerdau S.A. Group.

Gerdau is a Brazilian based leading multinational steel group listed on the New York Stock Exchange.

The Bank of New York Mellon acted as Administrative Agent of the facility and Banco Santander (Brasil) S.A. acted as Structuring Agent.