Home / Daily Briefs / 2021 / 15 / Suzano cuts short-term debt to avoid 'financial stress'

Suzano cuts short-term debt to avoid 'financial stress'

Suzano cuts short-term debt to avoid 'financial stress'

November 15, 2021 | Thierry Ogier
Brazilian pulp and paper company also has most of its debt at fixed rates to minimize rising costs, CFO says

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Brazilian pulp and paper company Suzano expects to avoid "financial stress" thanks to a significant cut in short-term debt and the shift to fixed-rate debt from floating rates in recent years, CFO Marcelo Bacci told LatinFinance on Friday. "We took out more than $1.5 billion in the past three years by either prepaying debt or rolling over debt that would mature in 2022, 2023 and 2024," Bacci said. "As a result, we have very few debt payments that are due during this period." Suzano recently adde

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