Copying and distributing are prohibited without permission of the publisher
Bahia Specialty Cellulose – PXF
02 March 2011
A unique deal for Brazilian pulp
In a first for the borrower, WestLB and Banco Santander, acting as bookrunners, joint lead arrangers and underwriters, successfully closed a $470 million export-prepayment facility for Brazil’s Bahia Specialty Cellulose (BSC), a world leader in the production of dissolving pulp.
This facility, for the Brazilian subsidiary of the RGE Group’s Sateri Holdings, was structured as a pre-export finance facility, secured by mortgage, export receivables and pledged collection account. It represents the first time an Asian company has used its Latin American assets to tap the international loan market and provides an example of a sound security package based...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
