Fibria Prints Pre-Export Loan

Fibria Prints Pre-Export Loan


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 $425m in 7-year funds at Libor plus 425bp. The spread can be reduced by 100bp on each tranche if the company can bring its leverage do

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial