Brazilian pulp and paper company adds three years to maturity and implements sustainability-linked features on $800 mln loans

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.

https://www.latinfinance.com/daily-briefs/2022/10/12/klabin-completes-loan-restructure