December 3, 2018 |
Brazil's Klabin has dropped plans to issue $500m in bonds for now, but it still intends to close a $1.1bn syndicated loan in 2019, LatinFinance has heard.
Klabin had hired Bradesco and Itaú BBA to arrange the sale of 10-year bonds in November, but it decided to put off the deal, said a debt capital markets banker not involved in the transaction.
Meanwhile, the paper company has carried on with talks HSBC, Santander, Citi and Mizuho to get a revolving credit facility and a term loan next year, s
Brazilian paper company has postponed a $500m cross-border sale, but it plans to close a $1bn credit facility next year