8/3/2011

Brazil's Votorantim Industrial reportedly is about to secure a $2.65 billion syndicated loan. The two-tranche financing, led by 10 global banks and involving 20 banks total, would be among the largest credit lines closed by a Brazilian firm this year. The transaction comprises a $1.15 billion export prepayment facility and a $1.15 billion standby revolving credit line, sources said.

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