March 1, 2019 |
Brazil's Klabin has signed a five-year, $1.1bn syndicated loan with nine lenders, according to sources involved in the deal.
The bookrunners Citi, HSBC, Mizuho, Santander and SMBC brought in Bank of America Merrill Lynch, Commerzbank, Export Development Canada (EDC) and Scotiabank as mandated lead arrangers on the loan.
The loan, split between a $600m prepayment export facility and a $500m revolving credit facility, priced at 135bp over Libor. Both parts of the loan are tied to a credit rating
Brazilian paper company receives $1.1bn from nine lenders at 135bp over Libor