Fibria Prints Pre-Export Loan

Dec 3, 2009

Brazil’s Fibria, the company formed by the VCP’s acquisition of Aracruz, has raised $1.18bn in a 2-tranche pre-export facility that signals a bank market revival. In what is seen as one of the year’s largest corporate loan syndications as measured by number of participants, the paper and pulp giant obtained $750m in 5-year pre-export funds at Libor plus 400bp and...

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