'Suzano Sees Room To Go Heavy On Debt For International Paper; Brazilian Pulp Giant Could Borrow Up To $19B For Bid; International Paper Rebuffed Initial Offer As Too Low' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Suzano SA, the Brazilian pulp giant, is considering taking on up to $19 billion in debt to make a new bid for International Paper Co. (IP), after the initial offer was rejected as too low. Suzano aims to keep the combined company's net debt close to five times EBITDA.
June 07, 2024 | 4:21 pm
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International Paper Co. (IP) has rejected an initial offer from Suzano SA, which is now considering borrowing up to $19 billion for a new bid. This could lead to significant changes in IP's ownership and financial structure.
The news indicates a potential acquisition of International Paper Co. by Suzano SA, which could significantly impact IP's stock price. The willingness of Suzano to take on substantial debt suggests a strong commitment to the acquisition, which could be seen positively by the market.
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