Fibria to Sign Loan This Week

Fibria to Sign Loan This Week

Loans

Fibria will sign an $800m loan this week, made up of a 4-year $500m revolver and a 5-year $300m pre-export credit facility, says CFO Joao Elek. “This will give comfort to the ratings agencies with respect to the liquidity profile of the company,” he says, adding that he thinks the company is close to being considered investment grade. The paper producer was upgraded in March to BB+ from BB by Fitch with a stable outlook and in April put out an RFP for loans. Fitch had placed Fibria on positive w

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