Klabin asks for IFC funding

Klabin asks for IFC funding

Loans Project & Infrastructure Finance Debt Brazil

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial