The financial institutions below have arranged corporate loans, revolving credit facilities, bond and share issuances and shareholding services for Sinar Mas, of which Asia Pulp and Paper (APP) is a subsidiary.
In July 2021, APP’s sister company Paper Excellence “and its subsidiaries” secured financing worth an aggregate USD 1.95 billion through Barclays, Credit Suisse and Bank of Montreal. Paper Excellence then acquired its competitor Domtar for approximately USD 3 billion in December 2021; Barclays served as exclusive financial advisor.