Portuguese
We would like to inform you that yesterday, September 26, we concluded the negotiation for the new financing structure for LD Celulose, in the amount of US$ 1 billion. The conclusion is a milestone for the company, as it maximizes the efficiency of our capital structure and brings an improvement in optimizing the return to our shareholders in the long term. The new structure was composed as follows:
- Issue of bonds representing debt on the international market (Green Bonds*) in the amount of US$ 650 million, maturing in 2032 and bearing interest of 7.95% per year;
- Loan to be obtained by LD Celulose in the amount of US$ 350 million, with a term of 60 months, with initial interest corresponding to the SOFR (Secured Overnight Financing Rate), plus 3.95% per year.
João Sevilha, CFO of LD Celulose, emphasized the success of the operation: “With the successful transaction, we are changing the project financing model to an independent corporate financing structure. This brings greater security to the flow of debt payments”.
Silvio Costa, CEO of LD Celulose, pointed out that “investor interest in LDC's Green Bonds shows that our investments in sustainability and governance are being recognized and valued by the market”.
* Green Bonds are fixed-income securities issued by companies, governments and multilateral organizations to make economic sustainability initiatives viable.
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