Klabin completes loan restructure

Klabin completes loan restructure

Corporate & Sovereign Strategy Debt Loans Brazil Sustainability-Linked

Brazilian pulp and paper company Klabin has restructured $800 million in loans that it took out from multilateral and commercial banks to fund the construction of the Puma II industrial complex, according to a press release. Klabin has delayed the due date on the loan to October 2032 from October 2029 and switched the interest rate to the secured overnight financing rate plus 2.02% from Libor, the company said. The company has also introduced sustainability-linked features to the financing, tyin

Already have an account?

Free trial

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

Free Trial