June 3, 2019 |
Brazil's Klabin has asked for up to $390m in financing from IFC to expand the Puma pulp factory in Paraná.
IFC could supply a $120m loan and arrange a $50m trust loan through a co-lending platform. It could also organize a $220m B loan with other lenders, according to a document on IFC's website.
Klabin plans to spend BRL9.1bn ($2.32bn) on the Puma II project to increase production by 920,000 tonnes per year. It has also requested a $200m loan from IDB Invest.
The company has said it expects
Brazilian paper producer wants $390m for the $2.3bn Puma project