New Issue: Brazil’s Eldorado Brasil sells $350 million 8 5/8% notes due 2021 at 8 7/8% yield

By Christine Van Dusen

Atlanta, June 10 – Eldorado Brasil Celulose SA priced $350 million 8 5/8% five-year notes (expected ratings: B+/B+) at 99.008 to yield 8 7/8% on Thursday, a market source said.

BofA Merrill Lynch, Credit Suisse, BB Securities and Santander were the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to repay existing debt and for general corporate purposes.

Eldorado Brasil is a Sao Paulo-based pulp producer.

Issuer:	Eldorado Brasil Celulose SA
Amount:	$350 million
Maturity:	June 16, 2021
Description:	Senior notes
Bookrunners:	BofA Merrill Lynch, Credit Suisse, BB Securities, Santander
Coupon:	8 5/8%
Price:	99.008
Yield:	8 7/8%
Trade date:	June 9
Settlement date:	June 16
Expected ratings:	S&P: B+
	Fitch: B+
Distribution:	Rule 144A and Regulation S

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