Crédit Agricole CIB Closes $1.2 Billion Sustainability-Linked Export Prepayment Facility with Suzano International Finance B.V.
CREDIT AGRICOLE UNSP/ADR (CRARY)
NASDAQ:AMEX Investor Relations:
credit-agricole.com/en/finance/finance
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Crédit Agricole CIB recently closed a $1.2 billion Sustainability-Linked Export Prepayment Facility with Suzano International Finance B.V., acting as Sustainability Structuring Agent, Joint Lead Arranger and Bookrunner.Suzano is a Brazilian multinational company that manufactures pulp, paper, and other products from responsibly-grown renewable sources. It's the largest pulp producer in the world and one of the largest paper producers in Latin America.The facility features a single KPI focused on hectares of priority area connected via Suzano-constructed corridors for biodiversity conservation in the Cerrado, Atlantic Forest and Amazon biomes in Brazil. The corridors and the fragments are selected based on careful criteria to ensure the greatest biodiversity impact. For fragments, Suzano focuses on connecting larger areas with greater resource diversity and higher connectivity value for the landscape. Similarly, pathway selection is guided by a resistance
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