February 14, 2020 |
Brazilian pulp and paper company Suzano has come to terms on a six-year, $850 million pre-export facility to replace an existing credit line, according to two sources close to the deal.
The senior unsecured loan priced at 115 basis points over Libor, one of the sources said. A total of 11 lenders – Bank of America, BNP Paribas, Crédit Agricole, Export Development Canada (EDC), KfW, MUFG, Mizuho, Morgan Stanley, Rabobank, Scotiabank and SMBC – participated in the club deal, the sources said.
Brazilian pulp and paper company gets a six-year loan to replace an older facility