Klabin lays out more investments for Puma II project

Klabin lays out more investments for Puma II project

Loans Project & Infrastructure Finance Debt Brazil

Brazilian pulp and paper company Klabin said it plans to spend an additional BRL2.6 billion ($492 million) on the second stage of the Puma II project, tapping cash reserves and existing credit lines to bring the total investments to BRL12.9 billion. São Paulo-based Klabin had BRL7 billion in available funds at the end of March this year, it said in a securities filing on Wednesday. "Thus, there is no need to contract additional financing for the project," it added. The company had received BRL5.

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