Bloomberg News

Suzano May Pay Down 635 Million Reais of Local Bonds, CEO Says

December 09, 2011

Dec. 9 (Bloomberg) -- Suzano Papel e Celulose SA, a Brazilian paper and pulp producer, may renegotiate debt covenants on local bonds or pay down 635 million reais worth of the securities, Chief Executive Officer Antonio Maciel Neto said in Sao Paulo today.

The company’s plan to sell assets may reduce net debt to as low as 3.5 times earnings before interest, taxes, depreciation and amortization, or Ebitda, he said.

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

To contact the editor responsible for this story: Carlos Caminada at ccaminada1@bloomberg.net


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