Paranapanema $600 million restructuring

Overview:

• Paranapanema has undertaken a $600 million restructuring procedure.
• 84% of the debt is being restructured from 11 lenders - Cargill, SMBC, ING, Scotiabank Bradesco, Banco de Brasil and others.
• The transaction also included the conversion of debt into debentures for a debt-to-equity swap. 
• The borrower is the largest copper producer in Brazil.

Katrin Kostadinova - Data analyst