Suzano Receives BNDES Line

Suzano Papel e Celulose, Brazil’s second largest paper and pulp company, has been granted a BRL705m credit line from BNDES, it says. Tenor and pricing will depend on the use of proceeds when the company chooses to draw on the line, says a BNDES spokesman. Suzano plans to use proceeds to finance investments in production. BNDES declined to disclose details of the facility.