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'Suzano Sees Room To Go Heavy On Debt For International Paper; Brazilian Pulp Giant Could Borrow Up To $19B For Bid; International Paper Rebuffed Initial Offer As Too Low' - Bloomberg News

Author: Benzinga Newsdesk | June 07, 2024 12:21pm

https://www.bloomberg.com/news/articles/2024-06-07/suzano-sees-room-to-go-heavy-on-debt-for-international-paper

Brazilian pulp giant Suzano SA sees room to take on substantial debt as it weighs a new bid for International Paper Co., according to people with direct knowledge of the matter.

Suzano could borrow as much as $19 billion while still keeping net debt for the combined company close to five times earnings before interest, taxes, depreciation and amortization, the people said, asking not to be named because discussions are private. That's a leverage level Suzano, the world's largest pulp producer, has reached a few times since the company got its investment grade rating back, in 2018.

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