Klabin seeks IDB Invest financing

Klabin seeks IDB Invest financing

Loans Debt Project & Infrastructure Finance Brazil US

Brazil's Klabin has asked IDB Invest to arrange an $800m A/B loan to fund an expansion project at the Puma pulp factory in the state of Paran√°, LatinFinance has heard. Klabin requested a 10-year, $200m A loan from the multilateral agency in April, but it also wants IDB Invest to organize a seven-year B loan with other lenders for around $600m, said a source close to the deal. IDB Invest sent RFPs to banks last month and plans to close the B loan before the end of August, the source said. Klabian

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