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