Details emerge on Suzano acquisition financing

Details emerge on Suzano acquisition financing

Debt Loans Brazil

Underwriters for Suzano's two-tranche $9.2bn credit facility are in the process of syndicating the loan, two sources familiar with the transaction confirmed. The Brazilian pulp and paper producer will receive $6.9bn in three-year debt and $2.3bn from a six-year loan. Pricing on the shorter-dated facility is at 133bp over Libor, while the six-year loan came in at 175bp over Libor. As previously reported by LatinFinance, the following banks were chosen to underwrite the credit facility: - BNP Pari

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