Bloomberg News

Fibria CFO Says Currency May Prompt Covenant Change

October 26, 2011

(Corrects to say the covenant refers to debt, not bonds)

Oct. 26 (Bloomberg) -- Fibria Celulose SA’s Chief Financial Officer Joao Elek Jr. said changes in the value of the Brazilian real may prompt the world’s biggest pulp producer to negotiate revisions to its debt covenant.

The covenant change would result in higher financial expenses. He spoke today on an earnings conference call with analysts.

--Editor: Dale Crofts

To contact the reporter on this story: Lucia Kassai in Sao Paulo at lkassai@bloomberg.net

To contact the editor responsible for this story: Robin Saponar at rsaponar@bloomberg.net


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