ANNOUNCED AS TEMPORARYYes
On 24 November 2017, the Brazilian Company of Innovation and Research (FINEP) provided Tramontina Farroupilha S.A. Indústria Metalúrgica with a BRL 34 million (USD 10.5 million) credit line. The objective of these resources is to finance the company's Try-Ply project.
The repayment deadline for the credit has been set up on 24 November 2019.
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.
The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.
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