Votorantim Industrial Close to Getting $2.65 Billion Bank Loan
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Votorantim Industrial SA is close to getting a $2.65 billion syndicated loan led by 10 banks from Europe, the U.S. and Japan in what would be the biggest credit line obtained by a Brazilian company since April, according to three people familiar with the deal.
The transaction is divided in two loans, a $1.15 billion export prepayment facility and a standby revolving credit line of $1.5 billion, said the people, who asked not to be identified because the loan agreement hasn’t been signed. Twenty banks are participating in the deal.