Asia Pulp & Paper Seeks $2 Billion Loan for Kimberly-Clark Unit
Kimberly-Clark Corp. Kleenex brand facial tissues.
Photographer: Daniel Acker/Bloomberg
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Indonesia’s Asia Pulp & Paper Co. is seeking a loan of as much as $2 billion to back its acquisition bid of Kimberly-Clark Corp.’s international tissue business, according to people familiar with the matter.
Banks and private credit funds are in talks for a potential loan to APP, one of the front-runners in the bidding process, said the people, who asked not to be named discussing private matters.