Suzano seals club loan

Suzano seals club loan

Loans Debt Brazil

Brazil's Suzano has secured a $500m revolving credit facility from five banks, LatinFinance has heard. The five-year export credit loan priced at roughly 100bp over Libor and is subject to withdrawal fees, said a source close to the deal.Bank of America, BNP Paribas, HSBC, Mizuho, Santander and Scotiabank participated in the loan, the source said.Suzano has been busy tapping the debt markets since it announced the $10bn acquisition of Fibria in March last year. In August, the paper and pulp pro

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