Suzano S.A. Announces Principal Amount of USD 1,570 Million At the Cost of Libor + 1.15% P.A., with Average Term of 60 Months and Final Maturity on March 8, 2027
February 11, 2021 at 06:02 am EST
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Suzano S.A. announced the principal amount of USD 1,570 million at the cost of Libor + 1.15% p.a., with average term of 60 months and final maturity on March 8, 2027. The new credit transaction has environmental key performance indicators linked to the following targets; reducing the intensity of greenhouse gas emissions; and reducing the industrial use of water, evidencing the Company’s commitment to be a part of the solution to the global climate crisis and to sustainable development, and in line with the implementation of its 2030 Long-Term Targets published in 2020. The loan amount will be used for early payment of the principal amount of USD 1,666 million of the export prepayment agreement signed by Suzano Europe as part of the funding structure for payment of the cash installment related to the business combination with Fibria Celulose S.A., whose initial amount was USD 2,300 million, with final maturity on December 4, 2023. The principal balance of this agreement on January 31, 2021 was USD 2,000 million, with no change in its final maturity date.
Suzano SA, formerly Suzano Papel e Celulose SA is a Brazil-based forestry company. It is a developer of products made from eucalyptus forests and a vertically integrated producer of eucalyptus pulp and paper in Latin America. Its purpose is to manufacture, trade, import and export pulp, paper and other products. The Companyâs product portfolio includes coated and uncoated printing and writing paper, paperboard, tissue paper, market pulp and fluff pulp. Suzanoâs operations are divided into two segments: Pulp and Paper. The Pulp segment includes the production and commercialization of eucalyptus pulp for the foreign market, with the surplus destined for the domestic market, while the Paper segment covers the activities of production and sale of uncoated and coated paperboard and tissue. The Company has numerous subsidiaries, including Fibria Terminal de Celulose de Santos Spe SA, FuturaGene Biotechnology Shanghai Co Ltd and Suzano Pulp and Paper Europe SA.
Suzano S.A. Announces Principal Amount of USD 1,570 Million At the Cost of Libor + 1.15% P.A., with Average Term of 60 Months and Final Maturity on March 8, 2027