Klabin settles loan terms

Klabin settles loan terms

Loans Brazil

Brazil's Klabin has reached terms on a five-year, $1.1bn syndicated loan that could be signed next month, LatinFinance has heard. The bookrunners Citi, HSBC, Mizuho and Santander have priced the two-part loan at 135bp over Libor and also brought in Bank of America Merrill Lynch, Commerzbank, Export Development Canada (EDC), Scotiabank and SMBC as mandated lead arrangers, said sources involved in the deal. The financing is split between a $600m prepayment export facility and a $500m revolving cre

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