June 14, 2019 |
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 Paraná, 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.
Multilateral agency recruits lenders to join a $800m loan for the Puma project