Bahia Specialty Cellulose faced challenging conditions to obtain $470 million in pre-export financing in late 2010, with lending appetite still suffering the effects of the 2008-2009 credit crisis.
TRADE FINANCE - Marking a Milestone
Jan 19, 2012
Bahia Specialty Cellulose
However, with Brazil being such an attractive market, says Claudio Cotrim, financial director at parent company Sateri, many banks and funds saw it as a way to gain exposure to Brazil.
“The secured package worked well for us and the lenders,” Cotrim says of the loan, which...
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